Very low cost rooftop solar slashes domestic energy cost – Part 2: South American Countries

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South American countries, notably Brazil, are rapidly expanding rooftop solar capacity driven by high electricity costs, favorable regulations, accessible financing, and tax incentives. Brazil installs over 1 GW of PV capacity monthly, showcasing regulatory support rather than module cost advantages.

As photovoltaics continues getting cheaper, an increasing number of countries are adapting their regulatory frameworks to facilitate its integration into electricity markets. Brazil is currently adding more than 1 GW of new PV capacity each month, with the majority coming from small-scale, distributed rooftop installations. In this regard, Brazil stands out as an exception in South America. The country's rapid solar expansion is not primarily driven by lower solar module prices compared with neighboring Latin American countries. Instead, it is largely the result of high conventional electricity prices, accessible financing, supportive regulations, tax incentives, and the scale of its energy market. The post Very low cost rooftop solar slashes domestic energy cost – Part 2: South American Countries appeared first on pv magazine Global.