Directory/South Korea/Shinsung E&G

Shinsung E&G

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Gwacheon, Gyeonggi-do, South Korea
4.3(112 reviews)
Est. 1977
Serves 75km radius

About

Established in 1977, Shinsung E&G has grown into a leading solar energy company based on technical know-how in high precision and high value-added industries. They provide comprehensive solar solutions for residential and commercial projects.

Solar Market in South Korea

Electricity Rate
₩171.60
per kWh
Solar Buyback Rate
₩100.00
per kWh
Peak Sun Hours
3.6h
daily average
Panel Cost
₩580,000
per kW installed
Est. Annual Savings
₩1,352,894
6kW system

Available Solar Incentives in South Korea

feed in tariff

Korea Renewable Portfolio Standard (RPS)

25%

RPS quota set at 25% for 2026. Requires power generators over 500 MW to source a percentage from renewables. Creates demand for solar RECs (Renewable Energy Certificates).

low interest loan

Korea Solar Installation Low-Interest Loan

85%

From 2026, approximately KRW 4.5 trillion in renewable energy financing provides long-term low-interest loans covering up to 85% of solar installation costs.

tax credit

Korea RE Tax Exemptions

100%

Exemptions from acquisition tax and reductions in property tax for new renewable energy businesses. Simplified environmental assessment for small solar projects.

Address

20, Gwacheon-daero 7-gil, Gwacheon-si, Gyeonggi-do

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