Feed-in tariffs for renewable energy became available in Japan in July 2012. The feed-in tariff rate for solar energy is Japanese yen (JPY)31.32/kW for the period from 1 April 2015 to 30 June 2015 and JPY29.16/kW for the period from 1 July 2015 to 31 March 2016, respectively. The feed-in tariff rate for wind power energy is JPY23.76/kw from the period from 1 April 2015 to 31 March 2016. The operation period is 20 years. The feed-in tariff rate is revised annually.
In order to obtain the feed-in tariff, the applicant is required to meet the following conditions:
The METI rescinds its approval if the required documents are not submitted within the deadline or the submitted documents are not sufficient to substantiate land and equipment for solar energy.
Green Investment Tax incentive is available for the taxpayer who obtained approval for the feed-in tariff and acquires solar or wind power generation equipment and places in business within 1 year from the acquisition. The taxpayer can choose one incentive from the following, assuming the equipment is placed in business by 31 March 2016: