The Bulgarian Ministry of Energy has announced that a BGN 240 million ($134 million) rebate scheme is now open for applications from households seeking to install solar water heating systems and rooftop PV arrays, potentially coupled with battery energy storage systems.
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The Bulgarian Ministry of Energy has launched a solar rebate scheme to the tune of BGN 240 million to help households reduce their carbon footprint and put downward pressure on their electricity bills.
According to SolarPower Europe (SPE), Bulgaria reached 1.5 GW of cumulative installed PV capacity at the end of 2022. “Bulgaria’s solar target remains low as PV will only account for 2.6% of electricity in 2040,” SPE said in its 2022-26 EU solar market outlook.
“Bulgaria’s solar target remains low as PV will only account for 2.6% of electricity in 2040,” SPE said in its 2022-26 EU solar market outlook. “Yet Bulgaria benefits from high irradiation rates, notably in the south of the country, and has an important solar potential, which is not reflected in the current target.”
“Yet Bulgaria benefits from high irradiation rates, notably in the south of the country, and has an important solar potential, which is not reflected in the current target.” In 2020, SPE forecast Bulgaria to hit 3.8 GW by 2024, thereby exceeding its 2030 target.
Following the final approval from the European Commission, a total of BGN 140 million will be distributed from Bulgaria’s National Recovery and Resilience Plan, with the remaining sum coming from additional state and private sector funding. As much as BGN 80 million will be distributed in the first funding round.
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