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solar energy

Slow start for Germany's PV incentive scheme

Fri, 09/13/2013 - 14:57 -- Anonymous
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PV is hoped to help Energiewende in Germany
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The German government’s scheme to offer subsidy payments to households who purchase a combined energy storage with PV system has got off to a weak start. Of the €25M available to householders, only €3.3M has been claimed. A further €25M is due to be available next year under the same scheme.

The government incentive scheme is intended to encourage the uptake of energy storage systems by offering non-repayable loans that cover up to 30% of the cost of a system.

Although the market is expected to blossom as part of the energiewende, the slow up take suggests householders are reluctant to install the systems.

In a recent report, Lux Research said the coupling of PV with energy storage will be beneficial to the storage companies, but have less impact upon the solar market. However, solar companies that choose to develop products that combine the two could earn a portion of the anticipated US$2.8 billion market in the next five years.

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