Does Greece have a solar subsidy program?

Click here for the source article Greece's Ministry of Environment and Energy has launched a €200m subsidy program for solar projects and small storage systems to encourage residential and agricultural segments to adopt renewable energy.

Will Greece's new solar-plus-storage scheme cover summer homes?

Rooftop and ground-mounted systems will be eligible for the subsidies. The program will also cover summer homes, but each applicant can claim funds for just one residential installation. Greece’s new solar-plus-storage scheme has a €200 million budget, which stems from the country’s post-pandemic recovery plan.

Why does Greece have a 10% subsidy bonus?

There is also a 10% subsidy bonus for disabled Greeks, single-parent families, and families with many children. The subsidy levels show that the government is very keen on battery installations. One of the main reasons for this is the grid’s struggle to accommodate new renewable power capacity.

How much does the new PV subsidy scheme cover?

The new scheme can cover between 20% to 65% of PV system costs, depending on the subsidy pot. For batteries, the first two subsidy pots will cover 100% of battery purchases and installation. The third and fourth subsidy pots will cover 90% of the battery costs.

How much money does a solar energy programme cost?

With a budget of EUR 200 million (USD 217.5m), the programme will enable households and farmers to install up to 10.8 kW of PV capacity and 10.8 kWh of battery storage, Energy Minister Kostas Skrekas announced.

What is the PV subsidy plan & how does it work?

Under the plan, households will be able to seek funding to cover up to 75% of the costs needed to install PV panels at auxiliary building areas or mount them atop their dwellings, whereas farmers will receive support for up to 60%. The individual subsidy to be granted can be a maximum of EUR 16,000 for households and EUR 10,000 for farmers.