PVs - new feed-in tariffs announced
New feed-in tariffs for those who sell electricity produced from photovoltaic units (PVs) were unveiled by the Finance Minister in this evening's Budget speech.
He said that where assistance was not being given for capital outlay the feed-in tariffs were being changed as follows:
Installation of less than 1MW on the roof: 18c/kWh for 20 years.
Installation of less than 1MW on the ground: 17c/kWh for 20 years.
Installation of more than 1MW on roofs: 17c/kWh for 20 years
Installation of more than 1MW on the ground: 16c/kWh for 20 years.
The feed-in tariffs to date had been higher, but applied only for eight years.
The tariff for PVs in Gozo is 1c higher.
There will be a new rate for those who cannot install PV panels on their roof and will, therefore, participate in a common system.
Mr Fenech said that the scheme which gives back up to 40 per cent of spending on solar heaters, up to €400, is being extended.
The 15.25 per cent refund scheme on investment in double glazing and roof insulation will also be extended.