星期一, 七月 6, 2020
Home PV News Austria doubles financial support for solar rebates

Austria doubles financial support for solar rebates

The government has ramped up its budget for the rebate scheme to €10 million.

Source:pv magazine

Austria’s coalition government has doubled the budget for its residential solar subsidy program.

Homeowners who install systems with capacities of up to 5 kW will now qualify for a rebateof €250 per grid-connected kilowatt installed, or €350 per kilowatt of off-grid capacity. The new budget for the program is €10 million and the application period, which is now open, has been extended, following delays triggered by the Covid-19 crisis.

The money will come out of the Austrian climate and energy fund, which also offers subsidies for PV projects up to 1 MW in size – primarily in regions affected by climate change.

“We are relieved that this important and widely effective small scale system funding from the climate fund is finally starting and that the importance of solar power generation is being recognized by increasing the funding budget,” said Vera Immitzer, managing director of the Federal Association of Photovoltaic Austria. “The priority program of the climate fund presented today initiates the required solar revolution for everyone.

The Austrian government aims to generate all of the nation’s electricity from renewables by 2030. To that end, it wants to set clear clean-energy expansion targets, with a new renewable-energy expansion law now being finalized.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Ikea invests more in solar by the day

In 2019, IKEA invested $2.8 billion in green energy, which contributed to the 1 million solar panels it was able to install on 370...

Bidding war continues as Infigen backs Iberdrola’s revised offer

The bidding war for Australia’s largest ASX-listed renewable energy generator has continued as rivals increased their respective offers. On Monday, Philippines-linked investment company UAC...

NTPC seeks to empanel vendors for bulk solar module procurement

NTPC seeks to empanel domestic and international manufacturers for bulk procurement of solar PV modules as it aims to revamp its renewable energy generation...

India sets new record low solar tariff of Rs 2.36/kWh

The recent 2 GW solar auction by Solar Energy Corporation of India (SECI) hit a historic low tariff of Rs 2.36 per kilowatt-hour (kWh)...