President Anura Kumara Dissanayake has announced a Rs. 3.5 billion relief package to encourage the installation of battery storage systems among rooftop solar users in Sri Lanka.
Presenting the 2027 Budget in Parliament on Thursday (12), the President said new domestic rooftop solar customers would be eligible for a subsidy of Rs. 25,000 for every 1kW of battery storage capacity installed.
The incentive will apply to battery systems with a capacity of up to 10kW, allowing households to receive a maximum subsidy of Rs. 250,000.
As another measure to reduce the cost of renewable energy investments, the Government will remove the 10 per cent Port and Airport Development Levy (PAL) imposed on imported solar batteries.
Dissanayake said the tax concession would provide additional savings for households, reducing the cost of a 1kW battery by approximately Rs. 4,000.
Free smart meters for electricity consumers
The President also announced that free smart electricity meters would be provided to 300,000 consumers who use more than 180 units of electricity per month.
In addition, all Lanka Electricity Company (LECO) consumers using more than 120 units per month will receive smart meters under the programme.
He further revealed that the Government plans to install a 30-megawatt battery storage system at the Norochcholai Power Plant.
