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Solar panels on all our houses
October 12, 2020
European Recovery Fund to finance vast expansion of home solar panels
The Cyprus Mail has learned that one of the first projects to be financed by the €1 billion European Recovery Fund is expected to be the vast expansion of grants to put solar panels on Cyprus homes.
Currently, about €1,000 is provided as a grant to pay the costs of installing ph0tovoltaic panels on homes. The result has been that about 17,000 Cyprus homes currently operate solar panels, according to the energy ministry. Of these, 1,118 households and about 500 disadvantaged households have received grants – disadvantaged households may receive more than €1,000.