New incentives for small rooftop PV in Greece
A new incentives program for small rooftop PV was introduced in Greece on June 4th 2009.
• The new program covers rooftop PV systems up to 10 KWp (both for residential
users and small companies) and sets a new feed-in-tariff (FIT) for such systems.
The new FIT is set at 0.55 €/kWh. It is guaranteed for 25 years, and is adjusted
annually for inflation (25% of last year’s Consumer Price Index). An annual regression
of 5% is foreseen for newcomers as of 2012. No cap is set.
• Residential users do not have to be registered as “business” with the tax authorities
and are exempted from any tax (with the exception of the 19% VAT paid for the initial
investment).
• To be eligible for this FIT, a residence has to cover part of its hot water needs by
some other renewable source (e.g. solar thermal).
