Malta Today reports that the FIT will be available for the first six years of a plants operation. It is then expected to reflect the price of electricity generation for the following years of operation. "Consumers will be able to benefit from a 50% subsidy, up to a maximum of 2,500, on the purchase of the PV panels, it added.
The subsidy is said to be aimed at both residential consumers and businesses looking to invest in photovoltaics. The application forms will be available on the MRA website as of May 13.
The scheme will be administered by public body Malta Resources Authority (MRA), which is in charge of regulating water, energy and mineral resources.
Two other schemes related to energy efficiency improvements were re-introduced. In this case, the rebate beneficiaries are buyers of solar water heaters and collectors, roof insulation and double glazing, according to an MRA statement.
Konrad Mizzi, minister for Energy and Conservation of Water, told Malta Today that further renewable energies plans will be announced this summer.