SCOPE OF WORK IN SOLAR SYSTEM

2018 Renewable Energy Feed-in Tariff

2018 Renewable Energy Feed-in Tariff
(可再生能源上網電價計劃):

To combat climate change and promote a greener tomorrow, starting from 1 Oct 2018 (CLP) / 1 Jan 2019 (HK Electric), solar power owner can sell electricity at $3 to 5 per kwh (depending on the power scale), which is much higher than current electricity price of about $1 to 1.5.

Such scheme lasts for 15 years until 2033, and limiting to 7 years to breakeven the installation cost of solar power system, the owner can  profit another 8 years with high price (~14% per annum) and afterwards continue earning with normal electricity price.

CLP announcement:
https://www.clp.com.hk/en/community-and-environment/renewable-schemes/feed-in-tariff

CLP video promo: https://youtu.be/Yp3iZvVN5YM

HK Electric announcement:
https://www.hkelectric.com/en/customer-services/smart-power-services

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