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Swedish government throws bait to homeowners aimed at attracting into solar cells investment

Thursday, 12 September 2013
The Swedish government wants to encourage micro production of energy through the solar energy production system. The approach will see homeowners with solar cells able to have make some money from energy to the tune of up to Skr12 thousand a year.

In next week's budget Bill, the government will proposes tax cuts for those who invest in self-generated renewable electricity. Homeowners who have their own wind or solar panels for their home power generation, would receive a deduction in return for up to 20,000 kilowatt hours per year, equivalent to about Skr12 000 per year.
Solar energy
A prerequisite for the benefit to be attained is that a micro producer will buy as much electricity from the grid as they produce.
It is considered a bait which many homeowners would likely not be able to fall for because although Sweden has essentially the same conditions for solar cells production for power generation as Germany, there are only a fraction as much installed in Sweden. In essence it will be hard to reach that target, according to some authorities.

The driver for Sweden's lacklustre approach has been blamed on a less generous benefit system for such a deal. Now the government wants to make it more favourable for micro-producers with their own wind turbines or solar cells to access a chunk of money.

The supplier of surplus power into the national grid will receive a tax deduction equal to the amount of electricity produced.

The government is now proposing more generous rules than the state investigation suggested by the summer. A homeowners will get to reap the maximum Skr12,000 per year. Investigators had determined Skr6000 as gains from own energy production.

"The purpose of this is that more people will take the plunge and become their own electricity producers so that we can have a greener energy system and shift to a more sustainable society," said Energy Minister, Anna-Karin Hatt to Swedish television.

But few homeowners will get the full deduction. A typical installation is perhaps about 5,000 kWh. The deduction will thus be only a few thousand. Nevertheless, homeowners can also expect revenue for selling their electricity to the grid.
By Team

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