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Portugal: Market Players facing Serious Problems

Submitted by Baerbel Epp on September 8, 2011

Two months after the new government came to power, its strategy for solar energy still remains a mystery: The new subsidy programme barely mentions renewable energies, but focuses on energy efficiency instead. Last year's two subsidy schemes for Small and Medium Enterprises (SMEs), as well as Private Social Solidarity Institutions (IPSS) and sports facilities have also stopped. And, the tax rebates of roughly EUR 800 for residential clients who purchase renewable energies equipment have no longer been in place since an agreement of the government with the International Monetary Fund (IMF). At present, buyers of solar water heaters can only declare a limited amount as a tax benefit, which means a much smaller savings effect.

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