New schemes for using renewable energy from homes will provide €9 million to Maltese and Gozitan families, Minister for Energy, Enterprise, and Sustainable Development Miriam Dalli has announced, describing the initiative as the largest investment in renewable housing.
The announced investment addresses a 2021 Budget measure and, additionally, Minister Dalli announced a number of new schemes for families to invest in solar energy to generate, store and save on their domestic electricity bills.
Those whose scheme has expired after six or eight years will start to benefit from the current feed-in tariff system for 20 years. “This practically covers the panels’ lifetime.”
Those who applied for a system that expired after six years will enter the existing system for another 14 years, and whoever was placed on a system that expired after eight years will join the existing system for another 12 years.
“In recent years, we have made considerable progress and have reached the European target of 10% renewable energy by 2020. This gives us greater courage to be ambitious and move in that direction. We will continue to offer good schemes for families and businesses so that they may have the opportunity to invest in clean and renewable energy,” said Minister Miriam Dalli.
The schemes offered are intended to address people’s different needs and to consider those who have already invested in order for their investment to continue to pay off.
There are also better opportunities for those who want to invest in batteries to have a domestic energy generation system, storage, and usage according to when they need it, including at night, the Minister stressed.
“We are encouraging people to be more efficient and sustainable. We need to help them invest in cleaner energy, have lower bills, and be at the center of the change we are making,” she said
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.
Minister for Energy, Enterprise, and Sustainable Development Miriam Dalli / DOI Photo – Pierre Sammut
From contracts to inspections, here is what landlords need to know
The Central Bank of Malta’s economic update shows that business confidence edged down, but remains higher than average
No timeframe was given as to when new stock will be supplied to other outlets