Additional EUR 2.4 million to be allocated for the installation of solar power plants

The Ministry of Energy will allocate an additional EUR 2.4 million in financing from the Cohesion Fund for people who want to install solar power plants. After evaluation of the applications submitted in April, EUR 1.5 million was allocated to 881 people for the purchase of solar power plants from power farms. The option of installing a personal solar power plant on the roof of a house or in another proprietary area has become very popular. A total of 4,050 such applications passed evaluation, and the EUR 11 million requested exceeds the pre-planned amount of support.

Currently, 1,550 applicants have already secured support for the installation of their own solar power plant, while another 2,500 applicants have been placed on a reserve list and will be provided with support as soon as the additional funds are allocated. This may take about a month.

“Seeing how much interest there is, the ministry has already started the process of increasing funding for residents who would like to produce green electricity in their own homes. So the amount will be increased in the near future, and everyone whose application passed evaluation and was included in the list of reserve projects will receive funding,” says Vice-Minister of Energy Daiva Garbaliauskaitė.

All residents who submitted applications and tried to get support for the installation of a solar power plant received information through EPMIS, the information system of the Environmental Projects Management Agency (EPMA). The notification received through the system indicated whether the person has already secured support or has been placed on the reserve list. All applications on the reserve list will receive financing once additional funds are allocated.

People who have received EPMIS messages that their registration form passed evaluation but was placed on the reserve list due to insufficient funding can also start installing the solar power plant now, as the costs will be incurred in due course.

If all of the personal solar power plants that applications were submitted for were to be installed, an additional 34 MW of solar power plant capacity would be created in Lithuania. The majority of applicants plan to install 10 kW power plants. This solar power plant capacity would save 20,400 tonnes of CO2 per year.

As a reminder, the financial incentives were designed for residents who install solar power plants in their homes or in a geographically remote location, therefore making them eligible for compensation in the amount of EUR 243 or EUR 323 per 1 kW, depending on whether the power plant is equipped with an inverter or not.

Last year, EUR 30.2 million was already allocated for the installation or purchase of solar power plants.