10,000 Applicants Awarded HUF 40 bln in Solar Panel Subsidies

Green Energy

So far, decisions have been made regarding the award of more than HUF 40 billion in subsidies to over 10,000 applicants for installing home solar panels and battery storage, the Ministry of Energy Affairs said in a release on its website this week.

Around 18,000 applications have been submitted in the framework of the HUF 75 bln funding program launched by the government in January.

Under the scheme, households may apply for up to HUF 5 million in support, covering two-thirds of investment costs.

The ministry said the scheme could support as many as 19,000 solar panel investments.

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