According to Germany's government-owned KfW development bank, 10,100 storage batteries for small PV systems totaling 163 million have been subsidized since the launch of its incentive program in May 2013. The countrys solar industry association, BSW-Solar adds that in the first four months of 2015, around 1,800 PV storage systems have been subsidized, thus representing a 40% YOY increase.
The incentive program comprises loans from KfW and a repayment subsidy, which is financed through Germanys federal budget. A KfW spokesperson confirmed to pv magazine that the subsidies will continue until the end of 2015. Currently negotiations are underway to extend the program. The decision will only be made with the adoption of the federal budget, added the spokesperson.
The subsidies, together with a price decline in PV home storage solutions, led to the strong demand, says association, BSW-Solar. Experts still expect to see a multiplication in demand in the coming years. BSW-Solar further states that prices for solar power storage have fallen by a quarter in the past year.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.