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Photo voltaic panels are seen on the roof of a home in Nicosia, Cyprus on Nov. 18, 2022. (Picture by George Christophorou/Xinhua)
The Vitality, Commerce and Business Ministry enhanced its authentic subsidy program by rising its finances by 40 p.c, from 20 million euros (20.8 million U.S. {dollars}) to 30 million euros. It nearly doubled the subsidies for households to 375 euros per one kilowatt (kW) of put in photo voltaic photovoltaic (PV) capability.
By Petros Petrides, Guo Mingfang
NICOSIA, Nov. 19 (Xinhua) — Cypriots by the thousand are dashing to join the federal government’s enhanced photo voltaic panel subsidy program, which they count on will assist scale back their surging electrical energy payments, an official of the state-owned Electrical energy Authority of Cyprus (EAC) informed Xinhua.
Dimitris Nathanael, a spokesman for the EAC, which processes the functions, stated that 2,260 functions have been filed inside one week after the announcement of the up to date program in June.
“We at the moment obtain about 1,000 functions per thirty days, in comparison with 200 a month in 2019 and 400 a month in 2020 and 2021,” he stated.
The primary photo voltaic panels have been put in in Cyprus about 15 years in the past and by 2020 — when the primary subsidy program was launched inside the framework of the inexperienced transition — the EAC had obtained 17,000 functions.
“Since then, one other 5 thousand folks have utilized, most of them after June, when the improved subsidy program was launched, elevating the full variety of candidates to 22,000,” he informed Xinhua.
The nation’s Statistical Service stated earlier this month that because the starting of the Russia-Ukraine battle, the value of electrical energy has gone up by 44.2 p.c and the value of oil and oil merchandise has risen by 17.3 p.c.
Photo voltaic panels are seen on the roof of a home in Nicosia, Cyprus on Nov. 18, 2022. (Picture by George Christophorou/Xinhua)
In response to the vitality disaster fueled by the battle, the Vitality, Commerce and Business Ministry enhanced its authentic subsidy program by rising its finances by 40 p.c, from 20 million euros (20.8 million U.S. {dollars}) to 30 million euros. It nearly doubled the subsidies for households to 375 euros per one kilowatt (kW) of put in photo voltaic photovoltaic (PV) capability. The utmost grant is 1,500 euros.
The Vitality Ministry goals at increasing the subsidy program to convey the variety of households with photo voltaic panels near 50 p.c of Cyprus’ 331,000 households (2.6 individuals per family) by 2030.
Nathanael stated that the EAC’s employees was pressured by the excessive variety of candidates to work additional hours weekends. Even so, a number of candidates should wait just a few months earlier than they obtain the clearance.
Photo voltaic panels are seen on the roof of a home in Nicosia, Cyprus on Nov. 18, 2022. (Picture by George Christophorou/Xinhua)
“I used to be informed that I’ll have my software examined after two or three months,” applicant Michalis Malas stated.
Malas, a mechanical engineer, stated that he had lengthy been planning to put in a photo voltaic system.
“My choice acquired delayed as a result of electrical energy costs have been steady and have been even declining in 2021 because of the droop in worldwide oil costs. Nonetheless, the vitality disaster, which began early in 2022, coupled with the upper subsidies supplied by the federal government sped up my choice,” Malas stated.
He stated that for max achieve he opted to put in a 4 kW system somewhat than a smaller 3 kW one, and estimated that the panels would scale back his bi-monthly electrical energy invoice from a median 430 euros to round 180 euros.
“The 4 kW system will value me shut to six,000 euros, however the precise expense might be near 4,500 euros as soon as I obtain the federal government grant of 1,500 euros. I count on to recuperate my funding inside 5 years,” he stated. (1 euro = 1.04 U.S. {dollars}) ■
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