Japan to offer loans for rooftop PV generation

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Companies that borrow residential rooftop space for solar power generation in Japan will soon be able to secure low interest loans from the Ministry of Economy, Trade and Industry.

The ministry will make the credit available through government financial institutions such as the Development Bank of Japan, according to Bloomberg, which cited a report by the Nikkei newspaper.

As part of the plan, companies will be able to sell electricity generated from solar panels set up on homeowners’ rooftop spaces, while homeowners will receive 10,000 yen ($97, €75) to 20,000 yen ($195, €150) a year for renting out the roof space.