Hong Kong government has signed the agreement with CLP and Hong Kong Electric and has required them to purchase the renewable energy such as solar and wind energy from the residental and commerical businesses based on "Feed-in Tariff" Scheme. Both two companies indicate they will cooperate with government to promote the new project after implement of new agreement to promote the development of renewable energy in Hong Kong. The following information is the details of "Feed-in Tariff" Scheme from CLP:
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According to the electrical buy-back price proposed by CLP, the pay back period of common residental solar energy systems is expected to be 8 to 10 years,while the operation life of solar panels are from 12 to 15 years or more. In other words, under normal situation, those customers stil have 4 to 7 years to earn from electrical buy-back fee after pay back period:
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