Sweden has introduced a government subsidy that will cover 60% of the cost of installing a residential energy storage system.The announcement follows the country’s plans to stop burning fossil fuels to make electricity by the year 2040.
The government subsidy will cover 60% of the cost of installing a residential energy storage system up to a maximum of 50,000 kroner or $5,600.
According to Renewable Energy World, the credit applies to the battery, wiring, control systems, smart energy hub, and installation work for homes with rooftop solar systems.
Andreas Gustafsson, programme manager for the research and innovation department of the Swedish Energy Agency tells said: “The scheme represents a complementary support system to the existing scheme supporting solar PV generation in Sweden. It’s one step, but an important step towards establishing a smart, distributed grid based around clean, renewable energy.”
“It’s expected that in supporting the installation of batteries, we’ll enable two outcomes — one to enable better use of solar PV generation systems,” Gustafsson says. “The second is to help establish smarter, more flexible grids that can contribute to stabilize the grid against fluctuations in frequency and voltage. In this context, it’s important to have systems for storing energy, rather than simply pumping excess electricity into the grid, only to buy it back at a later date when you have a demand.”
Creating a 'prosumer' culture
Gustafsson believes that the incentive programme will be attractive to prosumers. Johan Lindahl, a spokesperson for Swedish Solar Energy says, “Solar PV is a rapidly expanding market in Sweden. It’s in a good position to grow from a small position currently. Last year, for instance, solar PV capacity grew by 60%. We’re around 128 MW now.”
“Energy storage on this scale is new for Sweden,” added Gustafson.
“There’s very little to no home energy storage at the moment. Hopefully though, we can look forward to success here, and new companies and jobs to come along with introduction of these storage solutions.”
The incentive programme will be in effect until December 31, 2019.