[SMM PV News] South Korea Expands Tax Credits for Low-Carbon Solar Manufacturing

Published: Apr 17, 2026 10:08

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South Korea has expanded tax incentives for low-carbon solar manufacturing. Under revised rules effective April 1, PV module production facilities with lifecycle emissions of ≤655 kg CO₂/kW qualify for investment tax credits. According to the Korea Photovoltaic Industry Association (KOPIA), the policy covers the entire solar manufacturing chain, including polysilicon, wafer, cell, and module production equipment. The move extends South Korea’s existing carbon-grading system—used in public solar procurement and Renewable Portfolio Standard auctions—into manufacturing investment incentives. The policy aims to encourage domestic producers to adopt low-carbon processes and advanced technologies amid strong import dominance in the market.

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