Lithuania devotes EUR 40 mln for solar rebates in 2022
The Lithuanian government has decided to allocate a total EUR 40 million (USD 45.7 million) in funds for its residential photovoltaic (PV) rebate scheme in 2022, according to Pv-magazine.com.
The government said it had originally earmarked EUR 5 million for the program and that the budget increase was necessary to meet the strong demand registered since the scheme was launched.
Around 12,000 applications totaling 30 MW have already been submitted. The application deadline is February 11 and the government expects the funds will be fully utilized. "The booming in applications shows that the citizens have a good understanding of the investment returns in green energy," said Energy Minister Dainius Kreivys.
The government expects to allocate a total of EUR 300 million for solar rebates until 2029.
Residential PV system owners in Lithuania are entitled to sell excess power to the grid under net metering. According to the International Renewable Energy Agency, the Baltic nation had 148 MW of installed solar power at the end of 2020.
It is heavily dependent on energy imports.
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