This measure, implemented in recent days by the Ministry of Economy and Finance, reduces tariffs and fees on resources allocated to changes in energy production, such as solar panels, batteries, and other equipment, the newspaper added.

Domestic production benefits from this approach because it allows all companies and industries established in the country to reduce their energy costs 24 hours a day, 7 days a week, the Minister of Economy and Finance, Serge Collin, told the newspaper.

The minister cited the example of the Caracol Industrial Park, which has just completed the installation of a solar power plant.

This plant will reduce the cost of producing a kilowatt-hour from 30 to 13 cents, Le Nouvelliste added.

The same can happen, according to Collin, with households that have the opportunity to acquire a solar power generator, as they “will save money in the medium and long term.”

“Fossil fuels,” he explained, “are becoming more expensive every year worldwide, so all countries must begin the energy transition to reduce, on the one hand, their carbon footprint and their negative impact on the environment, and on the other hand, control spending on these resources.”

The $1.5 million tax exemption for implementing the energy transition will be formalized as part of the 2025-2026 supplementary budget and published in the official newspaper Le Moniteur, Le Nouvelliste reported.

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