You are here

Finance and Incentives

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.

Dynamic Market Growth in the UK

Submitted by Baerbel Epp on February 2, 2009

The UK was still one of the most dynamic solar thermal markets in Europe in 2008 – despite the worldwide economic crisis. According to the British Solar Trade Association (STA), the amount of solar thermal collectors installed countrywide in 2008 grew by 50 % to 81,000 m2 (57 MWth)."

Chile plans Tax Credits for Housing Developers

Submitted by Baerbel Epp on January 29, 2009

A new bill by the Chilean government offers sweeping incentives to low income families and housing developers when purchasing solar water heaters. The chamber of deputies’ Finance Committee approved the draft in November of 2008 and it is now on its way to be approved by parliament. The proposed legislation is expected to come into effect in the first half of 2009.

Romania: Rebate Programme postponed

Submitted by Baerbel Epp on January 20, 2009

Hope dies last – since there was still some left on the 15th of January that the comprehensive rebate programme for renewable energies in Romania could commence. The sector was waiting for the publication of the list of installers approved by the Ministry of Environment and Sustainable Development (Ministerul Mediului si Dezvoltarii Durabile). But on this very day, Nicolae Nemirschi, the environment minister within the new government, announced that his ministry was not able to issue a validated list of installers because the 2009 budget had not been approved yet.

Overall Cap for Tax Reductions in Italy

Submitted by Baerbel Epp on January 5, 2009

Dark clouds are beginning to appear over the prospects of the solar thermal market in Italy. On the 29th November 2008, the Italian government published a temporary law for modifying the 55% tax reduction that has driven the solar thermal market in recent years. The temporary law has to be approved by the Italian parliament within 60 days, otherwise it expires.

Canada Committed to Solar Thermal Energy

Submitted by Baerbel Epp on December 22, 2008

The first solar seasonal storage facility on the North American continent: Since September 2007, 52 single-family homes at the Drake Landing Solar Community in Okotoks near Calgary have been heated using 800 collectors of the Canadian manufacturer Enerworks and a ground reservoir with 140 boreholes. Photo: Enerworks

Pages

Search results

  • Six Pillars : Finance and Incentives

By continuing to use the site, you agree to the use of cookies. Find out more by following this link.

Accept