Gyeonggi-do Launches Pilot Project for Residential Solar Power Rental

Gyeonggi Provincial Government

Gyeonggi Province is promoting a 'Residential Solar Power Rental Pilot Project' to install solar power facilities on the roofs or rooftops of detached houses, including multi-family houses, to expand renewable energy. Gyeonggi Province is recruiting five participating companies by the 13th of next month for this purpose.

The project is conducted by installing solar power generation facilities on consumers' homes through contracts between solar power operators selected by Gyeonggi Province and consumers (homeowners), and collecting rental fees from consumers for a certain period.

When installing a 3kW solar power facility, Gyeonggi Province supports half of the total cost of 5,966,000 KRW, which is 2,983,000 KRW, and the remaining 2,983,000 KRW is borne by the homeowner.

Homeowners pay a lump sum of 895,000 KRW and then pay 24,000 KRW monthly for seven years according to the contract with the rental operator.

If a house with a 3kW solar power installation uses 400 kWh of electricity, the electricity bill decreases from 84,270 KRW per month to 15,190 KRW, saving 69,080 KRW.

A Gyeonggi Province official stated, "The supply volume of the Korea Energy Agency's renewable energy distribution (housing support) project allocated to Gyeonggi Province this year has decreased by 61% compared to last year, so we decided to independently promote the residential solar power rental project," adding, "We will conduct a pilot project targeting 310 households until May next year and then decide whether to expand it."

This content was produced with the assistance of AI translation services.