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.
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: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.