New funding option for solar photovoltaic installations

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The amendment to the Act on supporting thermo-modernization and renovation came into force in mid-April this year, it provides for an increase in the thermo-modernization premium in the case of installing a renewable energy source. Pursuant to the provision of the Act, the thermomodernization bonus means: “… the investor is entitled to a bonus for repayment of part of the loan taken out for the thermomodernization project, hereinafter referred to as the” thermomodernization bonus “

Amendment to the Act

In addition to subsidies from the My Electricity program or tax modernization tax relief, people interested in starting their own photovoltaic installation can already benefit from another form of financing, resulting from the amendment to the Act on supporting thermo-modernization and renovation adopted by the Sejm on January 23, 2020.

The amendment includes a provision increasing the amount of the thermomodernization bonus, which the investor is entitled to due to the implementation of the thermomodernization project and constitutes repayment of the loan taken out. It cannot be used by investors implementing a thermomodernization project exclusively from their own funds.

After the entry into force of the last amendment to the Act on support for thermo-modernization and renovation, the thermo-modernization premium may be increased from 16 percent. up to 21 percent – when a micro-installation of a renewable energy source is used. The Act provides for the minimum installed micro-installation capacity, the use of which entitles to apply for a higher thermo-modernization premium. For a single-family residential building, the minimum power is 1 kW, and for other buildings 6 kW.

Owners or managers of residential buildings, collective housing buildings, public buildings owned by local government units used to perform public tasks, local heating networks and local heat sources may apply for co-financing under the thermomodernization bonus.

The bonus can be used by investors regardless of their legal status, excluding budgetary units and local government budgetary establishments, including legal entities – including housing cooperatives and commercial law companies, as well as local government units, housing communities, as well as natural persons – including single-family home owners.

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