South Korea Implements Extended Tax Credits for Low-Carbon Solar Manufacturing
South Korea has broadened investment tax credits for solar module manufacturing facilities that meet specific carbon emission thresholds. This policy aims to enhance domestic manufacturing competitiveness and support low-carbon production processes.
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As of April 1, South Korea's revised tax support framework allows investment tax credits for solar module manufacturing facilities emitting 655 kg CO₂/kW or less. The changes cover the entire production ecosystem, including polysilicon, silicon wafers, solar cells, and module production lines, promoting technological competition based on quality and carbon performance.
Since 2019, the country has prioritized low-carbon modules in public solar procurement, classifying them into tiers based on lifecycle emissions. In 2024, Chinese solar cells constituted 95% of South Korea's market, indicating a need for stronger local manufacturing capabilities. The National Institute of Technology and Standards also introduced new standards for photovoltaic-thermal panels to aid domestic manufacturers.
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