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Install Solar Panels – Get Compensated

Posted by Alexandr Godovnikov on 08/03/2019
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On March 7, the Cabinet of Ministers approved a plan for financial support for the use of renewable energy sources and energy saving. This was announced by the Minister of Energy, Trade and Industry Yorgos Lakkotripis. The plan involves the allocation of grants to homeowners. The total budget provided by the state is 24.5 million euros.

The plan involves financial assistance in three ways.

First, the allocation of grants for the installation of thermal insulation of the walls of the premises will continue, but this year its amount will be increased from 1,250 to 1,500 euros.

The second direction in the implementation of the project concerns the installation of solar panels on a net metering system. In accordance with this system, the owner of the solar battery, if it produces more energy than is necessary for the household, receives compensation equal to the difference between the generated and consumed electricity. Households will be allocated 1,000 euros for the installation of solar panels.

The third direction involves the joint installation of solar panels and wall insulation, for which it will be possible to receive a grant of 3,000 euros.

Minister Lakkotripis said that the proposed measures would help households to save up to 80% on energy costs. “We are on the right track,” the minister said. “We give people a chance to use such systems in their homes.” The minister recalled that the program for installing solar panels provides special conditions for low-income families.

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