Sri Lanka 2027 budget proposes subsidies for solar power battery installation
Photo: EconomyNextAI summary · 1 min read
1 min readFrom 2 outlets- EconomyNext and Newswire report a proposed Rs. 25,000 grant per kWh of storage, capped at 10 kWh.
- Newswire says the measure applies to new household rooftop solar systems under the Net Plus scheme.
- Both outlets report a proposed Rs. 3.5 billion allocation and removal of the 10% import levy on solar-storage batteries.
- Newswire reports expected benefits for renewable energy, energy security and grid stability.
EconomyNext and Newswire report that President Anura Kumara Dissanayake presented the measures to Parliament during the 2027 budget presentation on November 12, 2026. The proposals concern households installing battery storage with rooftop solar power.
EconomyNext and Newswire say the proposed support is Rs. 25,000 for each kWh of battery capacity, with a maximum eligible capacity of 10 kWh. Both report a proposed programme allocation of Rs. 3,500 million. Newswire specifies that the subsidy would apply to new rooftop solar installations under the Net Plus scheme.
EconomyNext and Newswire report a proposal to abolish the 10% Ports and Airports Development Levy on imported batteries intended for solar storage. The outlets say the levy change would save about Rs. 4,000 to Rs. 5,000 per kWh, alongside the direct subsidy.
Newswire reports that Dissanayake presented the measures as a way to promote renewable energy, enhance energy security and reduce imbalances in the national grid. EconomyNext reports that he said expanding battery use was necessary for the country’s energy transition.
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Earlier coverage
Reports on the same subject from the months before this story.
- Newswire · Relief for rooftop solar users? President reveals plans for battery concessions
- Daily Mirror · New solar policy threatens energy security, industry warns
- Daily FT · Rs. 400 b renewable energy pipeline at risk without bankable deals, faster approvals: Expert
- Ada Derana · Sri Lanka to accelerate renewable energy transition amid rising global fuel costs
- Daily Mirror · Concession for home solar battery system from budget 2027