Greece introducing EUR-200m solar-storage subsidy system

• The Greek government is opening for submissions in April a new subsidy programme targeting the installment of small solar photovoltaic or pv (PV) systems and also batteries in the domestic as well as agricultural segments.

With a budget of EUR 200 million (USD 217.5 m), the programme will enable houses and farmers to install approximately 10.8 kW of PV capacity as well as 10.8 kWh of battery storage, Energy Minister Kostas Skrekas introduced. While batteries are a needed component for residential owners, farmers will have the choice to install simply a solar energy generation range.

Under the plan, houses will have the ability to look for funding to hide to 75% of the prices needed to install PV panels at auxiliary structure areas or place them atop their homes, whereas farmers will certainly receive support for as much as 60%. The individual subsidy to be provided can be an optimum of EUR 16,000 for homes and EUR 10,000 for farmers.

The financial support will certainly depend on the income level of the applicants. Some EUR 35 countless the spending plan's total amount is allocated for projects by vulnerable houses. An unique reward will certainly be used for literally deprived people, single moms and dads as well as households with lots of youngsters.

The plan will certainly be backed with financing from Greece's Recuperation as well as Resilience Facility. A guide to the programme is available on the Ministry's site.

According to the government's estimates, beneficiaries of the scheme will certainly reduce their power bills by up to EUR 3,000 annually.