Greece introduces EUR-238m rooftop solar subsidy programme

May 5, 2023 10:54 AM ET
  • The Greek government has actually officially fired the beginning weapon of a EUR-238-million (USD 261.8 m) programme that will certainly subsidise the installment of rooftop solar systems coupled with battery storage.
Greece introduces EUR-238m rooftop solar subsidy programme

The programme, dubbed Photovoltaics on the Roof, is open to households as well as expert farmers. The Ministry of Environment as well as Energy began accepting applications on May 2 via an on the internet platform, which will stay open up until the deficiency of available sources. The programme's closing target date is established for completion of June 2024.

Houses are called for to set up a battery along with their solar array, whereas farmers have the option not to add an integrated energy storage component. Eligible solar projects need to be up to 10.8 kW in dimension as well as the batteries should have a storage capacity of up to 10.8 kWh.

Subsidies for families vary from 45% to 75% of the total project cost, relying on their income, with approximately EUR 16,000 to be paid out to an individual proponent. Farmers, at the same time, will be able to get funding to cover in between 40% as well as 60% of their financial investment, or no more than EUR 10,000 per candidate.

An unique bonus of an added 10% will certainly be supplied to individuals with impairments and also single moms and dads, along with to families with a minimum of three children. Of the complete EUR-238-million budget, EUR 45 million is allocated for at risk homes. Farmers will certainly be able to benefit from a EUR-30-million pot.

Under its National Climate Law, Greece intends to cut greenhouse gas exhausts by 55% by 2030 and also come to be web zero by 2050. The nation likewise targets 70% renewables cooperate the power eaten in your area by 2030. Last month, Alternate Finance Minister Theodoros Skylakakis came close to the EC with an ask for an extra EUR 5 billion in the red financing from its Recuperation as well as Resilience Center (RRF), primarily to support projects in the renewable energy field.

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