THURSDAY 18 APRIL, 2013 |
Germany's Energy Storage Incentives Start May 1
New renewable energy subsidies in Germany may do for battery storage
globally what the nation did for solar power.
we reported Germany would apparently soon formally confirm a start
date for an initiative to support the purchase of battery based energy storage
systems integrated with solar panel arrays. It took a little longer than
rumoured, but that moment seems to have arrived.
reports the initiative will launch as expected on May 1. From that
date, the purchase of new battery storage
for solar power systems will be subsidized up to
€660 (around AUD$835 at current exchange rates) per kilowatt of solar panels;
up to a maximum of 30kW. The subsidy is equal to 30% of current battery
The program is expected to initially run for two years and is open to
individuals, community groups and commercial entities.
It was Germany's pioneering efforts with solar feed in tariffs that boosted
demand for solar to a point that many new players entered the market, research
and development took off and consequently prices of panels started dropping. As
the world followed Germany's lead, solar panels and associated equipment became
However, energy storage systems have remained expensive. With this new
program - if a feed-in tariff-type trend follows - prices should drop
substantially; and soon.
The news will be particularly encouraging for those with solar power systems who
wish to further decrease their reliance on mains grid electricity, or cut ties
altogether. With some feed-in tariffs being anything but generous; it makes
sense for some households to store
their high value solar electricity
for use when they want and how they
The electricity sector will no doubt be watching Germany's experience with great
interest and some trepidation as it may threaten their source of cheap, green
electricity that they then resell at premium prices; plus generally take
more business away from retailers.
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