Improved Funding Under Renewable Energy Incentive Programme as of Mid-August

The Federal Ministry for the Environment (BMU) announced improved funding conditions under the Renewable Energy Incentive Programme (Marktanreizprogramm für erneuerbare Energien – MAP) as of 15 August 2012.

The MAP Programme provides incentives for heating systems, hot water production, cooling and process heat operated with or obtained from renewable energy sources.

MAP comprises of two funding schemes. The Federal Office of Economics and Export Control (BAFA) provides investment grants for smaller investments which are mostly carried out by private investors in one and two-family homes and investments concerning smaller public and commercial buildings. Financial support is for example given for certain types of solar thermal collector systems, biomass power plants and heat pumps.

The state-owned KfW development bank provides loans at reduced rates with additional repayment grants for larger investments.

Financial support will be increased for both parts of the support programme.

The German Solar Industry Association BSW Solar welcomed the news, saying home owners as well as the industry would benefit. Support for  standard solar thermal collector for private homes would rise from approximately EUR 1,500 to EUR 2,000 the association says. This was due to the fact that support for solar collector will amount to at least EUR 1,500 in the future (Mindestförderung). Additionally, the already existing bonus of EUR 500 for an exchange of the boiler can be claimed. According to BSW Solar, 1.7 million solar thermal power plants are currently installed in private homes in Germany, 50,000 of which have been added in the first half of 2012.

Source: Federal Ministry for the Environment, Nature Conservation and Nuclear Safety; BSW Solar

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