A new set of schemes and grants, encouraging more people to invest in PV panels has just been launched. The public will be able to enjoy better rates and flexibility with the addition of battery storage to the system. In this way, the energy generated through the photo voltaic panels during the day, can be stored in a battery and used later on when needed, therefore saving more money for Maltese families.
These new schemes have been launched by the Minister for Energy, Enterprise and Sustainable Development, Miriam Dalli where she also announced that those domestic account holders of PV panel systems that had their Feed In Tariff contract expired in the past years, will be benefitting from an increased rate of 10c5 per kWh.
The schemes presented will include battery ready PV systems with a Feed-In Tariff of 10c5/kWh for 20 years and a PV grant of €3,000 (capped at 50% of Capex). Other packages include the PV system with battery storage. Users will again benefit from a Feed In Tariff of 10c5/kWh for 20 years, whilst getting a PV grant of €3,000 max (capped at 50% of Capex) and another grant of a maximum of €3,600 on the storage system. For those in possession of an already running PV system in their domestic unit, these can benefit from a grant to upgrade the existing invertor to be battery ready.
These schemes will be administered by the Regulator for Energy and Water Services (REWS), and more details can be found on the REWS Website or by contacting their freephone on 8000 2400.
Present for the launch of the 2021 scheme were the Regulator for Energy and Water Services, the Agency for Energy and Water, the Chamber of Commerce, the Chamber of Small and Medium Enterprises, and the Maltese Developers Association.
Have been following this news and also comments of people on social media etc
I understood that existing users with expired contract will change automatically to 10c5 per unit produced instead of 7c something.
Is this correct?
And no further investment is needed to be eligible for this?
If so will this apply to future users when their contract expires 2 or 3 years time?
Consumers whose feed in tariff advantageous rate period on their PV panels expired and are being paid at the rate of 7.5c per unit, will automatically start being paid at a rate of 10.5c per unit for the remainder of the 20 year period from their contract.
This also applies for those whose advantageous rate period will terminate in the future.