Does Bulgaria have a solar rebate scheme?

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.

Are solar panels a viable option for self-consumption in Bulgaria?

Conversely, households and institutions interested in installing solar panels for self-consumption are still stuck with administrative hurdles In the statistics of the International Renewable Energy Agency (IRENA), Bulgaria had 1.28 GW at the end of 2021 and 1.95 GW just one year later. The measure is expressed in nominal or peak capacity.

Does Bulgaria benefit from solar power subsidies?

In the last two years, the combined nameplate size of solar power installations in Bulgaria has doubled to more than 2.4 GW and additions peaked this summer. Moreover, in the current top 20, no photovoltaic units built since 2021 benefit from any subsidies, data compiled by Capital.bg showed.

How much solar power will Bulgaria have in 2022?

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.

Does Bulgaria have a solar target?

“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.”

Does Bulgaria have a solar potential?

“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.