Selling Solar Power: Better as an Individual or Through a Company? What Is an SPV?

As mentioned earlier, renewable energy generation equipment can be applied for by individuals, companies, or organizations, as long as the installed capacity is under 2,000 kW.

Unless the power generated is entirely for self-use, if the electricity is sold to Taipower, it falls within the scope of business tax — and the business registration requirements, whether the seller can be exempt from issuing invoices, and how income tax is filed and paid all vary depending on the seller's status.

Here's a summary table based on the seller's status:

So how do you decide whether to apply as an individual or set up a company?

The key factor is whether your monthly electricity revenue exceeds NT$80,000, which determines whether you need to register as a business under the Business Tax Act. Details as follows:

Of course, even if monthly electricity revenue is under NT$80,000, you may still choose to sell power through a registered company for investment planning purposes.

It's also fairly common in the solar industry to use an SPV structure (Special Purpose Vehicle) — setting up a company first to acquire a project site, then later selling the project to attract investors.

For more detailed equity structuring in the solar industry, our professional team is here to help your company plan properly — ensuring a fair distribution of benefits among investors and smooth share transfers down the road.