Austria doubles financial support for solar rebates

Jun 23, 2020 01:19 PM ET
  • The federal government has actually ramped up its allocate the rebate scheme to EUR10 million.
Austria doubles financial support for solar rebates
Image: GregMontani/Pixabay

Austria's coalition government has increased the allocate its household solar subsidy program.

Homeowners that set up systems with capacities of approximately 5 kW will currently receive a rebate of EUR250 per grid-connected kilowatt installed, or EUR350 per kilowatt of off-grid ability. The brand-new budget for the program is EUR10 million and also the application period, which is currently open, has been expanded, following hold-ups activated by the Covid-19 dilemma.

The money will certainly appear of the Austrian climate and energy fund, which additionally provides aids for PV projects as much as 1 MW in size-- primarily in areas affected by environment modification.

"We are alleviated that this vital and also extensively reliable little scale system funding from the environment fund is ultimately starting and that the value of solar energy generation is being identified by increasing the financing spending plan," stated Vera Immitzer, taking care of supervisor of the Federal Association of Photovoltaic Austria. "The top priority program of the climate fund offered today starts the required solar change for every person.

The Austrian federal government aims to produce all of the nation's electricity from renewables by 2030. Therefore, it wishes to set clear clean-energy development targets, with a new renewable-energy growth legislation now being wrapped up.

Solar Installers, Manufacturers