Apr

20

Swedish Government Poised To Boost Solar Energy Spending

The Swedish Government recently announced that it would allocate around 170m SEK (approx. 16m euros) for installation of solar energy. It was reported that the initial allocation was around 200m SEK (approximately US$24 million) in the spring 2018 budget.

It is observed that many individuals have applied for state support for installation of solar panels, which is attributed to high popularity. The total amount budgeted for solar conversion in 2018, which is the proposed increase in government spending, would result to around 1.1 billion kronor (approximately 100 million euros). The proposal was set forth by the coalition partners the Social Democrats and Green Party, and the parliamentary ally the Left Party.

Sweden’s Deputy Finance Minister, Per Bolund, said that they were now seeing waiting times drop and they wanted them to continue falling. He added that they were looking at giving more resources to county authorities. Bolund said that it was clear that many people wanted to make an active effort to switch to 100% renewable electricity. And, that solar energy could play an increasingly important role in a future sustainable energy system.

The commitment to supporting solar power systems by the government was criticized by the Centre Party, who wanted to replace current arrangements with a green tax subsidy. Bolund reiterated that such a measure would put the continued growth in solar energy at risk. The state support for installation of solar panels could reportedly be applied to public organisations, private individuals, and companies in Sweden. According to sources, the amount of financial support was calculated based on costs eligible for the scheme and could reach around 30% of eligible costs.

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