Capacity limit for subsidized solar panels raised to 10 KW

The energy ministry, currently making final revisions to an imminent subsidy program offering support for approximately 300,000 prospective roof-mounted solar panel projects, has risen the capacity limit per unit installed to 10 KW from 7 KW, as was initially planned.

Investors proceeding with roof-mounted solar panel installations will need to incorporate energy storage units into these projects to be eligible for the subsidy support program.

The increased capacity limit means investors will be making adjustments to planned energy storage units accompanying their solar panel plans.

Conditions and terms to be set concerning three-phase and single-phase electricity supply remain unclear, sources closely following the ministry’s preparations for the subsidy program have informed.

Farmers, included in the original plan for roof-mounted solar panel subsidies, were later removed, reportedly as a result of a lack of funds, but have now been reinstated, according to latest reports.

If this is confirmed, it can be presumed that the ministry was able to ensure additional funds for the subsidy program, whose budget, as a result, could exceed 150 million euros.

According to latest information, low-income households will be eligible for subsidies covering the entire cost of energy storage units and 65 percent of the cost of solar panel systems.

Individuals with income levels of up to 20,000 euros per annum and families with overall incomes of up to 40,000 euros per annum are likely to be fully subsidized for the cost of energy storage units and for 35 percent of the cost of solar panel systems.

Individuals with income levels of over 20,000 euros per annum and families with overall incomes of over 40,000 euros per annum are likely to be eligible for subsidies covering 90 percent of the cost of energy storage units and 25 percent of the cost of solar panel systems.

These percentage figures remain unconfirmed as the ministry is still tweaking details of the subsidy program. Energy minister Kostas Skrekas, in comments offered just days ago, noted the subsidy program will be launched this month.