Maltese and Gozitan families will be eligible for new schemes launched to incentivise the use of renewable energy in their homes.
Announcing the scheme, Minister for Energy, Enterprise and Sustainable Development Miriam Dalli called this the “biggest investment in renewables to date”.
The budget and electoral promise will now be coming into fruition, providing families with €9 million worth of investment.
A number of other schemes aimed at investing in solar energy to generate, store and save on domestic electricity bills were also announced.
Announcing the scheme, Minister Dalli explained that “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 centre of the change we are making”.
These schemes will be addressing various different needs and will also take into consideration those who already have invested in renewable energy to ensure their investment continues to pay off.
Those whose scheme has expired after six or eight years will start to benefit from the current feed-in tariff system for a whopping twenty years – nearly the entire lifetime of an average PV solar panel.
Better opportunities will also be introduced for those who want to invest in batteries to have a domestic energy generation system, storage and usage according to whenever they may need it – even at night.
Presenting the launch, Minister Dalli praised Malta’s strides in renewable energy over the past few years, especially with Malta reaching its European target of 10% renewable energy by 2020.
“This gives us greater courage to be ambitious and move in that direction,” Dalli said. “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.”
Also present for the launch was 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.
This move is set to further strengthen a precedent for moving towards carbon neutrality in Malta, helping to allow the nation to continue to meet its own climate targets over the next few years.
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