<figure><img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iqeZK8qxoQKM/v4/-1x-1.jpg"><figcaption><div><p>Source: Bloomberg, 03:39</p></div><div></div></figcaption></figure><p>Under a new proposal by the European Union member states would have the flexibility to set VAT on residential solar panels at 0%. Advocates say that would turbocharge the sector. Andreas Thorsheim, CEO of Otovo, an energy installer who helps build solar roofs across Europe, tells Bloomberg Daybreak Europe&apos;s Caroline Hepker a cut would encourage consumers who are sensitive to savings.</p>

Under a new proposal by the European Union member states would have the flexibility to set VAT on residential solar panels at 0%. Advocates say that would turbocharge the sector. Andreas Thorsheim, CEO of Otovo, an energy installer who helps build solar roofs across Europe, tells Bloomberg Daybreak Europe's Caroline Hepker a cut would encourage consumers who are sensitive to savings.

Could Tax Cuts Turbocharge Solar Power? (Audio)

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Overnight on Wall Street is morning in Europe.Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Roger Hearing.