Households installing new rooftop solar systems with backup batteries can receive a government subsidy of up to Rs. 250,000 under Budget 2027, which also removes import levies on solar batteries.
President Anura Kumara Dissanayake said the subsidy is Rs. 25,000 per kilowatt of battery storage, up to 10 kilowatts, with Rs. 3,500 million allocated for the purpose. He said removing the 10% Ports and Airports Development Levy on batteries adds a further benefit of Rs. 4,000 to Rs. 5,000 per kilowatt.
To prevent nationwide blackouts, Rs. 26.5 billion will go to upgrading the power grid. The Budget also provides for 560MW of battery storage and 500MW of floating solar capacity.
Private investors will be invited to partner on expanding the Sapugaskanda Oil Refinery, and on floating solar panels on reservoirs.
