Iraq Reduces Solar Import Tariffs to 5% to Boost Solar Adoption
The Iraqi Customs Authority has reduced customs duties on solar energy systems from 33% to 5% to promote solar adoption, following a financing initiative by the Central Bank of Iraq. The new tariffs cover PV panels, inverters, cables, and lithium batteries. The Central Bank has allocated IQD 6 billion ($4.6 million) for solar energy loans, with demand expected to rise through 2026. Iraq's solar capacity was only 42 MW by the end of 2024, but several projects, including a 1 GW solar farm by TotalEnergies, are underway.
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The Iraqi Customs Authority has cut customs duties on solar energy systems from 33% to 5%, effective immediately, to encourage solar energy adoption. This includes PV panels, inverters, cables, and lithium batteries.
Concurrently, the Central Bank of Iraq is providing IQD 6 billion ($4.6 million) in loans for solar projects, with financing available until funds are depleted. Iraq's solar capacity was 42 MW at the end of 2024. Ongoing projects include TotalEnergies' 1 GW solar farm and a 22 MW phase at the Karbala solar plant, expected to reach 300 MW capacity upon completion.
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