Our Commitment to You
SolarBuzz, in partnership with the JREA, has been engaged in discussions with the government and relevant stakeholders regarding the recent Net Billing requirement for the Solar Tax Credit application. This solar tax credit allows individuals to claim up to 30% of the value of their solar system or a maximum of J$1.2 million, provided the system was installed on or after January 1, 2023, at the primary residence of the claimant.
Temporary Relief
While the initial requirements did not include a Net Billing licence, the Tax Administration Jamaica (TAJ) application process mandated this in addition to a GER Compliance Certificate. Following discussions with the Minister of Science, Energy, Telecommunications and Transport, Daryl Vaz, we have been granted temporary relief for this tax filing season. Until April 1, 2025, homeowners can apply for the solar tax credit without needing a Net Billing licence.
Act Now
We encourage eligible homeowners to take advantage of this limited-time waiver and submit their applications before the April 1, 2025 deadline.
A GER inspector must inspect your system before submission to ensure compliance.
Applying for the Solar Tax Credit
This tax credit is available to:
✅ PAYE employees
✅ Pensioners
✅ Self-employed individuals
For PAYE employees and pensioners, the credit is issued as a cash refund, while self-employed individuals receive it as a tax credit for future liabilities.
Application Process:
- Apply online via the TAJ website.
- Submit the appropriate form:
- S04 Form (for self-employed individuals or those filing their own income tax).
- IT05 Form (for PAYE employees or pensioners).
- PAYE employees will need their P24 form for the relevant fiscal year to complete the application form.
- You can claim up to 50% of your tax liability for the respective year for solar systems valued up to J$4 million.
Important Note: Due to the temporary waiver of the Net Billing Licence requirement and the absence of an updated TAJ application form, claimants must use the fiscal year that their system was installed as the Licensed Electrical Inspector Certificate Date when completing the application form.
Financial Benefits
This incentive provides homeowners with an early return on their solar investment particularly for those who financed their solar system, as any cash refund can be applied toward the existing loan balance.
SolarBuzz strongly encourages eligible clients to take advantage of this tax credit incentive. We remain committed to helping you save on energy costs while maximizing your financial benefits.
Assistance to Non Clients
For homeowners whose systems were not installed by SolarBuzz, we offer consultation and GER inspection services for a fee. However, we cannot guarantee that non-SolarBuzz installations will pass inspection, as we cannot verify compliance with Jamaica’s electrical code.
Solar Financing: Making Energy Freedom a Reality
As part of the recent budget announcement, the Government has increased financing options for solar installations through the National Housing Trust (NHT) effective July 1, 2025:
- Under the Home Improvement Loan, contributors with an existing NHT mortgage can now apply for solar financing after 7 years instead of the present 10-year requirement.
- The financing limit under the Home Improvement Loan will be increased to J$5 million per contributor.
- The Smart Energy Loan limit will be increased from J$1.5 million to J$2.5 million.
SolarBuzz welcomes this move by the Government as it will encourage greater solar adoption among Jamaican homeowners. With the growing need for energy resilience against powerful weather systems and fluctuations in electricity rates as per future grid upgrades, these financing options will provide significant support in achieving energy independence.
deidre@solarbuzzjamaica.com