Austria supports Solar pioneer: up to 20% funding for PV systems!

Austria supports Solar pioneer: up to 20% funding for PV systems!

From June 23, 2023, the “Made in Europe” bonus for photovoltaic systems will be introduced in Austria to strengthen the domestic production of European photovoltaic components. To Italy, Austria is the second country in Europe, which offers financial incentives for sustainable photovoltaic products directly on site. This step is intended to promote both the innovative strength of domestic industry and emphasize the quality of the products, as Hubert Fechner, chairman of the technology platform Photovoltaic Austria, explains.

The bonus provides for grants of up to 20 percent to be granted that can be applied to European photovoltaic modules and inverters. A 10 percent support survey for power storage is also particularly attractive, which are installed in combination with the PV system. Further information on applications and manufacturers are available on the website pv-made-in-a.at

Financial incentives to strengthen European industry

The increase in photovoltaic use in Austria takes place at a record pace, with about 15 percent of the Austrian electricity from solar energy. For 2024, an extension of 2.5 gigawattpeak photovoltaic performance is sought, and there should be 21 Gigawatt peak by 2030. The bonus is regulated as part of the Renewable Expansion Act (EAG), which also pursues the goal of reaching a 100%green electricity supply in Austria by 2030.

industrial representatives warn of the competitive pressure of potential Asian manufacturers, especially from China, who put pressure on European production through dumping prices. The "Made in Europe" bonus is intended to help the European PV economy to increase the demand for locally produced components and to create jobs in Austria. Vice Chancellor Werner Kogler emphasizes the importance of investments in European production.

developments in the European PV market

In 2023, photovoltaic access in Europe recorded impressive growth of over 40 percent, with 263 gigawatts generated renewable electricity as a whole. Germany dominated the market growth with 14.1 gigawatts of newly installed performance, followed by Spain and Italy. Forecasts for 2024 see a growth expectation of only 11 percent. The industry faces challenges such as higher network charges and approval problems that make expansion difficult.

The European photovoltaic industry can currently only cover two percent of the demand with its own production-owned components. Nevertheless, the market for inverter shows a positive balance. Theoretically, these are likely to operate 82 gigawatts. Experts see a key strategy for the development of potential in the area of ​​renewable energies and to strengthen the European market in the promotion of European products.

With the new financial incentives by the "Made in Europe" bonus, Austria has the chance to consolidate its position in the photovoltaic industry and at the same time contribute to the energy transition and climate protection in Europe. The industry's assessment is optimistic: photovoltaics is viewed as a decisive pillar of the energy infrastructure in the coming decades.