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May 10, 2023 10:50 EEST
May 10 (SeeNews) - The Bulgarian ministry of energy said it opened for applications a planned EU-backed scheme to grant 240 million levs ($134.6 million/122.7 million euro) in support of household projects to install solar photovoltaic (PV) and energy storage modules.
Applications by homeowners for projects to install solar arrays for water heating or for rooftop PV systems of up to 10 kWp, paired with battery storage systems, will be accepted until November 10, the ministry said in a press release on Tuesday.
You can download the 2023 Renewable energy in Southeast Europe report here
The financing consists of 140 million levs worth of grants to be disbursed under Bulgaria's Recovery and Resilience Plan (RRP) and additional state and private sector funding in the amount of 100 million levs.
As much as 80 million levs will be distributed in the first stage of the funding procedure.
Under the long-awaited procedure, projects for solar panel installation for water heating are eligible to receive up to 100% of the cost, up to a maximum of 1,961 levs. Solar PV arrays and battery storage systems projects will be funded at up to 70% of the individual cost, but the maximum grant will not exceed 15,000 levs. Eligible households must currently use inefficient energy sources for heating and electricity, namely wood or coal, the ministry noted.
(1 euro=1.95583 levs)
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