The German Government Promotes the Use of Solar Power Storage Systems with Subsidies and Soft Loans

The German Government Promotes the Use of Solar Power Storage Systems with Subsidies and Soft Loans

From May 1, 2013, the German government is supporting the purchase of battery systems for storing solar power in the form of subsidies of up to €660 per kilowatt (kW) of installed photovoltaic capacity and soft loans from the KfW development bank. The incentive is available for storage systems for PV installations with a maximum output

From May 1, 2013, the German government is supporting the purchase of battery systems for storing solar power in the form of subsidies of up to €660 per kilowatt (kW) of installed photovoltaic capacity and soft loans from the KfW development bank.

The incentive is available for storage systems for PV installations with a maximum output of 30 kW fitted from January 2013 and plans have been made to provide subsidies totaling €25 million in the first year. Germany is thereby promoting the market introduction of a technology whose market volume is, according to analysts, expected to reach around $19 billion worldwide by 2017.

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