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Brazil to Reduce Taxes for Distributed Solar Energy Generation

Brazil is planning to reduce taxes for solar panels in an attempt to promote wider use of rooftop power systems.

The federal government will lower profit participation contributions and social security taxes, known respectively as PIS and Cofins, for solar equipment used by residential consumers, Energy Minister Eduardo Braga said Wednesday. The government will also ask states to reduce the goods flow tax, known as ICMS, on the energy generated.