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Finance and Incentives

Ontario: Solar Home Systems on Lease

Submitted by Baerbel Epp on March 25, 2009

The financial obstacle of buying a solar water heating (SWH) system is an issue for almost every company or household. Reliance Home Comfort (RHC), based in Toronto, offers a special renting system for water heaters to overcome this issue. The Canadian supplier for water heaters responded last year to a Request for Proposal (RFP) from the federal government to direct the delivery channels for solar thermal systems.

60 Solar Cities in India

Submitted by Baerbel Epp on March 3, 2009

orange city NagpurNagpur city in central India – one of 60 solar cities in India supported by the government.

Tremendous Market Growth in Germany

Submitted by Baerbel Epp on March 3, 2009

The German solar thermal market more than doubled in 2008. According to the solar industry association BSW-Solar and the heating industry association BDH; 2.1 million m2 of new collector area (1.5 GWth) were installed on German roofs last year (940,000 m2 = 658 MWth in 2007). This proves to be a great success after the downswing in 2007, when the German solar thermal market experienced a 40 % decrease in collector area installations.

South Africa: Rebates up to 30 %

Submitted by Baerbel Epp on February 23, 2009

90 % of South Africa’s electricity is generated by coal-fired power stations. The fourth quarter of 2007, however, started with massive power cuts as electricity supply fell behind demand. Eskom, the largest electricity supplier in Africa, the South African Government and the Global Environment Facility (GEF), began to implement alternative and renewable energy programmes a year later. Among these is a rebate programme for solar water heaters.

The Cap is Gone

Submitted by Baerbel Epp on February 20, 2009

U.S. President Obama's signature on the American Recovery and Reinvestment Act effectively removed the existing US$2,000 cap for the tax rebate of residential solar thermal systems. Whoever buys a new solar thermal system in 2009 can deduct 30 % of the investment costs from his or her income tax – giving a significant advantage to applications for space heating or air conditioning.

Mauritius: Rebate Programme Drives the Market

Submitted by Baerbel Epp on February 19, 2009

The new subsidy programme of the government of Mauritius has been a successful one. More than 4,000 solar water heaters have received a subsidy of 10,000 Mauritius Rupee (MUR), approximately € 279, by the Development Bank of Mauritius (DBM) since August 2008. The target for the first year of the programme is to install around 20,000 systems in households.

“Now, the solar water heating market is booming,” Raj Appalaswamy, sales coordinator of Kaylor Rotomoulders, a manufacturer of solar water heaters, affirms.

Enlarging Testing Facilities for SRCC in the USA

Submitted by Baerbel Epp on February 15, 2009

The extension of the federal tax credits by eight years and the election of Barack Obama have suddenly made the U.S. market for solar thermal energy far more attractive. The importance of imports of collectors and systems is growing. The number of flat plate and evacuated tube collectors has increased more than tenfold within three years according to the statistics of the Energy Information Administration (EIA) from 3,000 m2 (2005) to 36,000 m2 (2007).

Italy: Cap for Tax Reductions Removed

Submitted by Baerbel Epp on February 3, 2009

The solar community can breathe a sigh of relief. The sun is shining again over the solar thermal market in Italy. The temporary law of the government from the 29th of November (Decreto Legge 185/08) was approved by the Italian Parliament only after major changes were made on January 27th (see article “Overall Cap for Tax Reductions in Italy”). The law is applicable for deductions granted after 1st of January 2009.

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