Applications for solar-powered home EV charging for German homeowners exhausted allocated funds for this year in a single day, the country’s trade office, Germany Trade & Invest has said.
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The program offers up to EUR10,200 for people to equip primary residences with solar powered EV charging capabilities. These include solar panels, solar electricity batteries and charging stations.
Administered by KfW, Germany’s development bank, the fund has been capped at EUR500 million after 33,000 applications were filed within 24 hours.
Homeowners will be able to apply for support from a further EUR200 million from government funds in 2024.
Thomas Grigoleit, Germany Trade & Invest Director of Energy, Building and Environmental Technologies said: “The new support program for solar charging stations is the latest in a long line of attractive and sustainable KfW assistance programs. It will no doubt make an important contribution to the expansion of electromobility in Europe’s largest economy.”
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By GlobalDataThose eligible can receive EUR6,000 for photovoltaic installations, EUR3,000 for solar electricity batteries and EUR1,200 for a charging station.
