Gyeonggi-do Supports 50% of Installation Costs for Solar Power Facilities

Gyeonggi Provincial Government

Gyeonggi Province will support 50% of the cost when installing solar power generation facilities in homes.

On the 9th, Gyeonggi Province announced that it will cover 50% (2,983,000 KRW) of the cost of solar power generation facilities, while the remaining amount will be the responsibility of the homeowner, through the 'Home Solar Power Support Project.'

Homeowners will pay a lump sum of 895,000 KRW according to the contract with the business operator, and then bear a monthly cost of 24,000 KRW for 7 years. After 7 years, the solar power facilities will belong to the homeowner.

Gyeonggi Province explained that the monthly burden can be offset by the reduced electricity bills.

Earlier, after announcing the recruitment of participating companies last month and evaluating their management status and business plans, Gyeonggi Province selected a total of five companies as home solar power support project operators: Green Solar Energy Co., Ltd., Enlighten Co., Ltd., Taewoong ENS Co., Ltd., Haezum Co., Ltd., and CTR Energy Co., Ltd.

Gyeonggi residents who wish to apply for the home solar power support project can check the rental conditions for each operator through the Gyeonggi Energy Transition website (www.ggenergy.or.kr) notice board and then proceed with a contract with the rental operator.

After signing a contract with the operator, document submission can be made by applying to the 'Gyeonggi Province Home Solar Power Support Project' on the Gyeonggi Energy Transition website by December 31. After document review, the solar power installation is scheduled to be completed by May next year.

Kim Yeon-ji, Director of the Energy Industry Division of Gyeonggi Province, stated, "Through the additional home solar power support project, residents can reduce electricity bills and respond to the climate crisis by expanding RE100 villages."

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