Despite planned rapid implementation, falling funding rates can result in a lack of incentive
We are cautious about whether the reduced funding rates are enough to stimulate the development of new projects. Especially when it comes to market premium funding, only around 35% of the advertised funding volumes were applied for last year. Reduced funding rates will probably not counteract this trend. What is pleasing, however, is that the unused volumes are also available this year
Herbert Paierl, Chairman of the Federal Association of Photovoltaic Austria
Vienna (OTS) – After a considerable delay, the federal government is today presenting the two drafts of the specific funding conditions for PV systems for this year. After a long wait, the industry is finally finding out about the framework conditions for funding under the Renewable Energy Expansion Act (investment support and market premium).
The respective regulations regulate, among other things, the funding rates, the funding budget and the submission dates for applying for funding for PV projects. The first funding call for investment funding is scheduled to start on April 8th. The market bonus can be applied for from May 14th. The most positive innovation is that the project can now also be started for commercial systems before the funding application is submitted. This means that you only have to wait until after the funding application has been submitted to commission the PV system. It is also pleasing that the funding conditions of the market bonus for this year will also apply next year. However, the industry association does not only see positive things: “We are cautious about whether the reduced funding rates are enough to stimulate the development of new projects. Especially when it comes to market premium funding, only around 35% of the advertised funding volumes were applied for last year. Reduced funding rates will probably not counteract this trend. What is pleasing, however, is that the unused volumes are also available this year
“, says Herbert PaierlChairman of the Federal Association of Photovoltaic Austria.
At the beginning of the year, the funding for PV systems up to 35 kWp was replaced by a sales tax exemption. It is no longer necessary to apply for funding; the invoice amount is automatically reduced.
Questions & Contact:
Judith Pospischil
Federal Association of Photovoltaic Austria
Franz-Josefs-Kai 13/12+13, 1010 Vienna
Phone +43 (0)1 522 35 81 410
mortgage@pvaustria.at
www.pvaustria.at