The next, fifth call for applications for co-financing under the My Electricity program started on April 22 and has already attracted thousands of applicants. As we found out in the National Fund for Environmental Protection and Water Management, by May 17, 12,552 applications have already been submitted for a total amount of just over PLN 105 million. Meanwhile, the current budget of the entire fifth edition is only PLN 100 million.
— The National Fund for Environmental Protection and Water Management still has funds to co-finance applications for co-financing submitted in the fifth edition of the My Electricity programme. If the budget is exhausted, the call for proposals would be closed. Having experience from previous editions of the program, it should also be remembered that not all applications for co-financing, which were submitted for the amount indicated earlier, will meet the program conditions, and thus the amount resulting from the value of the submitted applications is not the same as the final amount of subsidies paid – explains Ewelina Steczkowska, spokeswoman for the National Fund for Environmental Protection and Water Management.
Earlier, the Fund’s authorities assured that in the case of high interest in the fifth edition of the programme, the budget of the program may be increased by another PLN 400 million.
Solar PV vendors are already seeing a revival in the market in the form of an increased number of orders. “The great interest in the program is due to the fact that it finances new devices, including air-to-water heat pumps popular on the Polish market, without any income criteria. My electricity also places great emphasis on self-consumption, thanks to subsidies for energy storage facilities – comments Kamil Sankowski, member of the management board of Polenergia Fotowoltaika.
Sankowski supports the programme, but has reservations about the budget of the latest edition, for which only PLN 100 million has been secured. “It’s much less than the third and fourth editions. Currently, the National Fund for Environmental Protection and Water Management receives almost half a thousand applications every day. If this pace continues, funds are practically exhausted and not everyone will receive the promised funding. It remains to be hoped that, in accordance with the declaration of Deputy Minister Ireneusz Zyska, an additional PLN 400 million will be released, he concludes.
How much does home photovoltaics cost?
Falling device prices may also encourage investment in solar panels. We wrote about the cheaper photovoltaics at the beginning of May. The president of the manufacturer and distributor of PV systems – Corabu – Piotr Markowski told Business Insider that the decrease in module prices reached 10-15 percent. And modules account for as much as 70 percent. photovoltaic installation costs.
— This decline is primarily due to the expansion of production capacity in China. After the COVID-19 pandemic, local producers began to operate in full swing, and at the same time investment cycles ended, which increased the production capacity of both the photovoltaic modules themselves and polysilicons – the basic material for the production of cells from which modules are built – explained Markowski.
Otovo’s estimates show that a 9.5 kWp installation six months ago cost about PLN 40,000. PLN 500. However, currently the purchase and installation price of comparable solar panels costs approx. PLN 36,000. zloty.
In turn, according to Dawid Zieliński, president of Columbus Energy, we are dealing only with an off-season reduction. — Panel prices in China behave similarly every year. Of course, the price of panels during the covid period was significantly influenced by the price of freight, however panels have always been cheaper in the spring, only to become slightly more expensive after the holidays. These are differences of PLN 500 for a photovoltaic installation. This has a large impact on the construction price of photovoltaic farms, but it is practically negligible in the price of a prosumer installation, where a slight reduction in their price has little impact on the cost of the whole, claims Zieliński.
There is also no doubt that it is not worth waiting for a further drop in prices with the purchase of photovoltaics. — We think it’s better to hurry. We do not know what the subsidy policy will look like next year, nor do we know how quickly the current budget will be exhausted Zielinski points out.
Solar panels reduce electricity bills
— In fact, every moment to decide to buy PV panels is good, because from the moment the system is installed, we start saving. It is an economical and ecological solution,” emphasizes Paulina Ackermann, general director of Otovo in Poland, Sweden and Norway.
He notes that the market is now normalizing after the 2021-2022 shock. “Price competition is coming back on the supply side of components, and we also have greater availability of installation teams. Thanks to this, the market law of supply and demand, and not supply-side constraints, again determine the price for the consumer. Therefore we see that off-season prices are more attractive. Although the more sun in the sky, the prices may go up as demand will pick up again says Ackermann.
In the case of people with an average annual electricity consumption of 5,000 kWh, the company’s specialists recommend an installation with a capacity of approx. 5.5 kWp. They add that assuming self-consumption at the level of 30 percent. and average energy purchase price of PLN 1.27/kWh and energy sales price of PLN 0.52/kWh, the installation will pay for itself in four years and will reduce bills by 65 percent. — when using the My Electricity program and the thermomodernization relief, 12 percent.
According to the Institute of Renewable Energy, prosumer installations, installed mainly on the roofs of houses, account for almost 80 percent of the total. installed capacity in photovoltaics in Poland. The number of prosumers has already exceeded 1.2 million, and the total capacity of their installations at the end of 2022 was over 9.3 GW. This means that the average power of micro-installations is 7.6 kW.
The IEO forecasts that the capacity of 20 GW in photovoltaics will be reached in 2025, and in 2030 it will amount to 29 GW, including 15 GW of prosumer sources (including 4 GW for business prosumers). “So it is still a huge market of 6 GW, worth about PLN 30 billion“, reports the IEO.
Author: Barbara Oksińska, journalist at Business Insider Polska
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