Renewables

Greece launches subsidy program for rooftop PV with batteries

rooftop

photo: JoseMalagonArenas on pixabay

Published

May 4, 2023

Country

Comments

0

Share

Published:

May 4, 2023

Country:

Comments:

0

Share

The Greek Ministry of Environment and Energy issued a public call for its EUR 238 million subsidy program for rooftop photovoltaics.

More than 3,500 applications have already been submitted to the online platform. The applications are open until the end of June 2024 or until the funds are depleted.

Subsidies for households range from 45% to 75% of the total cost depending on their income, while for farmers they are 40% to 60%. It means the program covers EUR 10,000 to EUR 16,000 for a rooftop PV combined with a battery.

Moreover, there is a 10% bonus for people with disabilities, as well as for families with at least three children.

Households to receive majority of funding

Out of EUR 238 million in total, EUR 45 million was earmarked for vulnerable households while citizens with an annual income of up to EUR 20,000 or families with an income of up to EUR 40,000 are entitled to an overall EUR 100 million.

Individuals with income over EUR 20,000 annually and families with more than EUR 40,000 can receive up to EUR 63 million in subsidies, leaving EUR 30 million available for farmers.

The PV system can be installed on the roof of a house or on its façade and on secondary facilities, such as pergolas. The subsidy reaches 100% for the battery in the case of poorer households and 90% for the rest.

Households are required to install a battery along with the solar power system, while farmers have the option to only install PV systems on their roofs.

The maximum installed capacity for the PV system is 10.8 kW compared to 10.8 kWh for the battery.

Benefits estimated at EUR 22,000 to EUR 65,000 over 25 years

According to calculations based on the program, a small 3 kW photovoltaic system costing EUR 11,500 can bring the household savings of EUR 22,000 within its 25-year lifetime. A larger unit, 5 kW, can save EUR 40,000 for a cost of EUR 13,500, while 7 kW systems can have a benefit of EUR 65,000 for EUR 17,000.

Skrekas: A decisive step towards energy democracy

According to the government, the program’s goal is to install at least 200,000 rooftop PV installations with batteries, in line with the REPowerEU plan.

Minister Kostas Skrekas said the Rooftop Solar program is a decisive step towards energy democracy, arguing that thousands of households and farmers would acquire energy autonomy, producing and storing their own green energy.

In addition to subsidizing rooftop photovoltaics, the government has also enacted a EUR 100 million program for 120,000 solar thermal rooftop systems, with a subsidy level of 60% and a maximum support level of EUR 900 per household.

Two more rooftop PV subsidy programs are expected, one for businesses and one for industries, with total funds for the sector expected to surpass EUR 700 million and potentially reach EUR 1 billion.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Croatian Chamber of Economy lex specialis for renewables position paper

Croatian Chamber of Economy asks for lex specialis for renewable energy sector

28 March 2024 - The Association for Renewable Energy Sources produced a position paper identifying obstacles and possible solutions

romania delgaz hydrogen 20HyGrid

Romania successfully tests blending hydrogen in natural gas distribution grid, households

28 March 2024 - E.ON Romania declared success in its test of blending hydrogen into the gas network and using the mixture in households.

IRENA-Global-solar-power-capacity-surpasses-hydropower-in-2023

IRENA: Global solar power capacity surpasses hydropower in 2023

28 March 2024 - The world's renewable electricity capacity additions in 2023 hit a record 473 GW, dominated by China. Solar power became the largest segment in total.

aleksander mervar eles krsko solar slovenija

Mervar: Electricity from Krško 2 nuclear project won’t be cheaper then EUR 125 per MWh

27 March 2024 - CEO of Slovenia's TSO ELES Aleksander Mervar said gas power plants need to be built to prevent the need for large electricity imports