Switzerland to Abolish Tax Rebates for Small Residential PV Systems from 2024

Published: Apr 7, 2023 09:58

Source: SMM

Save

SHANGHAI, Apr 7 (SMM) - Switzerland announced that it will reduce incentives for small PV systems in favor of larger projects that use all available roof surface.

The Energy Subsidy Regulation stipulates that subsidies for photovoltaic systems with an output power up to 5kW must be removed from the rooftop PV subsidy scheme. Swiss authorities currently offer a one-time payment of CHF 200 ($221) for PV installations up to 5kW. Systems ranging in size from 5kW to 30kW are entitled to a rebate of CHF 380 to CHF 440. However, this refund will also be reduced by CHF 20 from 2024 onwards. "Smaller, more expensive systems see a greater drop in total rewards than larger systems," said the Swiss Ministry of Energy. "This would create an incentive, if possible, to build larger systems using the entire suitable roof area to generate electricity."

Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 hours ago

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

17 hours ago

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

17 hours ago

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

17 hours ago