Finance and Incentives

  • 60 Solar Cities in India

    60 Solar Cities in India

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

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  • Tremendous Market Growth in Germany

    Tremendous Market Growth in Germany

    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 m...

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  • South Africa: Rebates up to 30 %

    South Africa: Rebates up to 30 %

    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...

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  • The Cap is Gone

    The Cap is Gone

    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...

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  • Mauritius: Rebate Programme Drives the Market

    Mauritius: Rebate Programme Drives the Market

    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...

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  • Enlarging Testing Facilities for SRCC in the USA

    Enlarging Testing Facilities for SRCC in the USA

    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...

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  • Italy: Cap for Tax Reductions Removed

    Italy: Cap for Tax Reductions Removed

    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...

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  • Dynamic Market Growth in the UK

    Dynamic Market Growth in the UK

    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...

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  • Chile plans Tax Credits for Housing Developers

    Chile plans Tax Credits for Housing Developers

    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...

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  • Romania: Rebate Programme postponed

    Romania: Rebate Programme postponed

    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...

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  • Overall Cap for Tax Reductions in Italy

    Overall Cap for Tax Reductions in Italy

    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...

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