• Home
• Channel: Property
• Updated: Household Solar Energy Scheme Starts in Hungary- State Aid Covers 65%

Updated: Household Solar Energy Scheme Starts in Hungary- State Aid Covers 65%

• 22 Jan 2024 8:50 AM
• Hungary Around the Clock

Applications for the Solar Energy Plus Programme, which provides state subsidies for households installing solar panels and compulsory electricity storage facilities, were accepted from 10 a.m. Monday.

The financial aid covers 65% of the costs to a maximum of Ft 5 million.

The scheme’s Ft 75 billion budget will help about 15,000 households to install solar heating systems.

The applications will be evaluated within 15 days, after which applicants must present three bids from pre-registered companies for the installation work.

After contracting with the winner, households must file an application to join the national electricity grid.

Advance payments will be made for approved projects, but the installation must be completed within 24 months.

Lantos: Over 21,000 Apply for Home Solar Panel Subsidies in First Week

More than 21,000 households applied for subsidies for home solar panels and battery storage in the first week of the 75 billion forint (EUR 196.1m) scheme, Energy Minister Csaba Lantos said in an interview with news portal index.hu published.

Households may apply for up to 5 million forints in support, covering two-thirds of investment cost, Lantos said. Meanwhile, close to 700 companies that install solar panels and batter storage have had their registrations approved so far, Lantos said.

The minister said more than 250,000 homes in Hungary have solar panels installed, almost a quarter more than what was originally expected by 2030.

The total capacity of industrial and household solar installations is over 5,600 MW, he said, adding that this could increase to up to 12 GW by the beginning of the next decade.

You're welcome to comment, discuss and enjoy more via our Facebook news page: 
Facebook.com/XpatLoopNews

And via XpatLoop’s group:
Budapest Expats - The International Community in Hungary

You can subscribe to our newsletter here:
XpatLoop.com/Newsletters

Want your business to reach tens of thousands of potential high-value customers?
Contact us here: info@xpatloop.com

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Solar Energy Plus Programme Solar Panel Household

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

Official: Retail Price of Electricity & Gas is Lower In Hungary Than All EU Members

• 10 Jul 2024 12:07 PM

Some 104,000 families have saved over a combined 10 billion forints (EUR 25.4m) on their gas bills since April, when the government introduced “a more predictable” system of public utility invoicing, the energy ministry quoted Szilárd Németh, the government commissioner in charge of the public utility cuts programme, as saying on Tuesday.



Household Solar Panel Fund Expanded in Hungary

• 10 Jul 2024 10:10 AM

The government has expanded the total funding available in subsidies for installing domestic solar panels by adding Ft 30 billion to the original Ft 75.8 billion, Energy Ministry state secretary Attila Steiner announced on Facebook on Monday.



Hungary Set to Maintain Ceiling on Home Mortgage Interest Rate

• 9 Apr 2024 7:23 AM

Economy Minister Márton Nagy told a press conference on Monday that he will make a proposal to the government to keep the interest rate cap on home mortgage loans until the end of the year.



Budapest Still Has the Lowest Household Energy Prices in EU

• 8 Jan 2024 2:43 PM

Maintaining its long-standing position, Budapest again came out on top in December in a comparison of EU capitals of where electricity and gas are cheapest for households. However, including capitals in non-EU countries, households in Kyiv, Ukraine had to pay less than Budapest for electricity and gas, Világgazdaság reports.