Spain taxes sunlight

candle makers spain taxes solar renewables

There is always an industry to protect.

Encouraging people to go solar may be great overall public policy unless a protected industry is harmed.

According to Energias Renovable (Google link to English translation from Spanish), the Spain's Secretary of State for Energy, Alberto Nadal, has signed a draft royal decree taxing energy derived from photovoltaic installation.

The Spanish government has harkened to the pleas of an industry group. The consumption tax was supported by the Spanish Photovoltaic Union (UNEF), which brings together some 300 companies representing 85% of the industry.

El Pais writes that becoming energy self-sufficient could become very expensive. Collecting photons of sunlight for your own use could lead to a fine of 30 million euros.

Hat tip, Mish's Global Economic Trend Analysis.