Sweden To Give 60% Subsidy For Residential Energy Storage Batteries

Sweden has announced a government subsidy that will cover 60% of the cost for installing a residential energy storage system, up to a maximum of 50,000 kroner (US$5,400). Battery, wiring, management systems and installation will all be eligible for payment under the subsidy.

The subsidy is part of Sweden’s plan to boost PV utilization and establish a smarter, more flexible grid. It will come as welcome news for residential customers, as well as the C&I sector, which received another boost earlier this week with the scrapping of a tax for solar installations larger than 255 kW.

Sweden currently has just 120 MW of solar PV capacity, however this represents a big jump in installations over the past year. A recent PV strategy released by the Swedish Energy Agency suggests that solar could account for 5-10% of the country’s energy by 2040.

“Solar PV is a rapidly expanding market in Sweden,” says Johan Lindahl, a spokesperson for the Solar Energy Association of Sweden. “It’s in a good position to grow from a small position currently. Last year, for instance, solar PV capacity grew by 60%.”

A similar storage subsidy in Germany has been highly successful, with more than 19,000 batteries installed alongside PV systems. Earlier in the year, this subsidy was extended until 2018.
Read more:

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

LATEST ARTICLES

Future energy predictions: Growth of flexibility and grid forming

  It is well known that COVID-19 has caused low energy demand and the growth of renewable energy across Europe. Now, Andrew Tang, Vice President for Energy Storage at Wärtsilä, predicts this will result in swift action to build better grid resiliency. The share of renewable power across Europe has skyrocketed over the last six…

Read More

Product Development: Embracing product safety and compliance

PRODUCT DEVELOPMENT: EMBRACING PRODUCT SAFETY AND COMPLIANCE Recent safety incidents on storage plants have raised concerns about the fire safety of battery storage systems. Such events are extremely rare compared to the cumulated global deployments of energy storage systems, which have reached more than 27 GWh by end of 2020 (Wood Mackenzie 2021). However, for…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”

★★★★★

TLC & SCADA Manager, FRI-EL

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x