Sweden allocates additional funds for solar rebates

The Swedish government announced it will almost double the financial support for the solar rebate program for this year from 225 million SEK ($28.2 million) to 425 million SEK ($53.2 million).

The government has also announced that it is to propose an increase of the amount of funds provided through the rebate program for buying and installing a rooftop PV system from 20% to 30%.

Isabella Lövin, the Deputy Prime Minister of Sweden, confirmed that it has also increased the budget for 2018 from 390 million SEK currently to 525 million SEK ($65.8 million). By way of comparison, the Swedish government allocated 225 million SEK in 2016 and only 150 million SEK in 2015.

Löwin said that the additional funds will help manage the growing bottleneck of potential PV system owners waiting to have access to the rebate program. The deputy minister added that the government will allocate a total of 915 million SEK ($114.7 million) for the program in the period 2018-2020. Overall, the Swedish Energy Agency Energimyndigheten had allocated 885.5 million SEK in the period between 2009 and 2016 through the program.

The government is also planning to review the application process for the program, also in the hope that it can mitigate any further bottlenecks, Löwin added.

Under the scheme, homeowners and private or public companies are entitled to receive a rebate that covers part of the cost of installing a PV system. Prior to this new government announcement, a single PV project was eligible to receive financial support up to a maximum 1.2 million SEK (around $150,000), while the cost of a project could not exceed 37,000 SEK ($4,638) per kW installed.