Over 20,000 Households Applied for Solar Panel Subsidies

More than 20,000 households have applied for subsidies to install solar panels and battery storage in a scheme launched in January, the Ministry of Energy Affairs said in a post on its Facebook page on Saturday.

The households whose applications are cleared could be awarded over HUF 82 billion in subsidies, the ministry said.

It noted that the allocation for the scheme had been raised in the summer, allowing one-third more applications.

The threshold was raised by HUF 30 bln to HUF 105.8 bln. The scheme could support solar panel and battery storage investments at over 25,000 homes.

Under the scheme, households may apply for up to HUF 5 million in support, covering two-thirds of investment cost. More than 280,000 homes in Hungary have solar panels.

World

Foreign Ministry Calling on Hungarian Citizens to Leave Lebanon

EU

Magyar Calls for EU Help to Assuage High Food, Energy Prices

Office Market

Graphisoft Park Renews Leases of 2 Key Tenants

Figures

10% Minimum Wage Rise Would Be ‘Manageable’ – Évosz

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.