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Sweden’s government to increase the investment in solar energy

The proposed boost to government spending in the area would take the total amount budgeted for solar conversion in 2018 to just under 1.1 billion kronor (100 million euros)

  • May 02, 2018 09:30
  • Author Olya Georgieva
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Source: Pixabay

The government wants to add 170 million kronor (16 million euros) to a scheme supporting installation of solar energy in the spring 2018 budget. The proposed increase to government spending in the area would take the total amount budgeted for solar conversion in 2018 to just under 1.1 billion kronor (100 million euros). The proposal has been put forward by coalition partners the Social Democrats and Green Party and parliamentary ally the Left Party.

High popularity has resulted in a long waiting list for people who have applied for state support for installation of solar panels. State support for installation of solar panels can be applied for by private individuals, public organizations and companies in Sweden. The amount of financial support given is calculated based on costs eligible for the scheme and can reach up to 30% of eligible costs.

Source: The Local



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