About Cyprus government solar system scheme
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3 FAQs about [Cyprus government solar system scheme]
Will photovoltaic panels reduce electricity bills in Cyprus?
Energy Minister George Papanastasiou on Thursday presented the €30 million scheme aiming to increase the use of photovoltaic panels in Cyprus which will in turn reduce home electricity bills. The revised scheme will be launched in January 2024 and is expected to initially support approximately 6,000 applicants, he announced.
Why is Cyprus launching a 'photovoltaics for Everyone' scheme?
“The transition to green energy, is a vital challenge for Cyprus and every EU member country. It involves a better and more sustainable future for our society and economy. The ‘Photovoltaics for Everyone’ scheme is a bold and essential step toward this common goal,” Theodosiou said.
Where does Cyprus' 'prolightmed' funding come from?
Part of the scheme’s funding comes from Cyprus’ recovery and resilience plan. Meanwhile, EU pilot project ‘Prolightmed’ has funded €3 million towards solar panel installations on the parking lot canopy in Peyia’s stadium, aimed at reducing the annual costs for public lighting. Peyia municipality will contribute €465,350 to the project.
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