The Benefits
• Benefits for the enviroment
The electricity produced by PV has a zero net cost of fossil fuel. Every kWh of electricty produced will save about 250 grams of fuel oil and will prevent the emission of approximately 700 grams of CO2 plus other greenhouse gases, with a financial advantage and a positive environmental impact. This has great value when you consider that the useful life of a PV plant is at least 30 years. Each kWp installed in central Italy with an annual output of 1400 kW will produce in its life some 33,000 kW of power, saving 7.8 tonnes of fossil fuels while at the same time avoiding the emission of 22 tons of CO2
• Benefits for the country
Renewable energy has been identified at the international level as a means of achieving the goal of helping to reduce greenhouse gas emissions under the Kyoto Protocol and to reduce the economic dependence on oil producing countries. To promote renewable energy, the European Union has set a target date of 2010 for the production of electricity from renewable sources to be 22% of total consumption. Italy, as a Member State, has adopted the EU directives since the 90s and has introduced ‘feed in’ incentive schemes were one of whom is on for energy produced by photovoltaic systems.
• Economic benefits for systems owners
The owner of a photvoltaic system receives revenue from the sale of the energy produced plus the incentive payment to which he is entitled, according to the KW hours of energy his produces.
Key Features of the February 19, 2007 Italian law to request the payment of incentives for photovoltaic systems
Who pays the incentives?
Who is entitled to receive incentives?
Producer consumed
There are additional benefits for producers who can use the energy produced on site, rather than buying it for € 0.10 to € 0,15-0,18 Kw / h
Life of the incentives
The incentives have a contract duration of 20 years and allow the owner of a roof, awning or car park to make risk free additional income from their property.
Request period
14 months after a total of 1.2 GW of PV capacity has been installed in Italy the incentives for future installations will be reviewed.
Why the installation of a photovoltaic system represents an opportunity?
The production of eletrcity using a PV system while receiving the incentive provided by the GSE is a great opportunity because:
• Benefits for the enviroment
The electricity produced by PV has a zero net cost of fossil fuel. Every kWh of electricty produced will save about 250 grams of fuel oil and will prevent the emission of approximately 700 grams of CO2 plus other greenhouse gases, with a financial advantage and a positive environmental impact. This has great value when you consider that the useful life of a PV plant is at least 30 years. Each kWp installed in central Italy with an annual output of 1400 kW will produce in its life some 33,000 kW of power, saving 7.8 tonnes of fossil fuels while at the same time avoiding the emission of 22 tons of CO2
• Benefits for the country
Renewable energy has been identified at the international level as a means of achieving the goal of helping to reduce greenhouse gas emissions under the Kyoto Protocol and to reduce the economic dependence on oil producing countries. To promote renewable energy, the European Union has set a target date of 2010 for the production of electricity from renewable sources to be 22% of total consumption. Italy, as a Member State, has adopted the EU directives since the 90s and has introduced ‘feed in’ incentive schemes were one of whom is on for energy produced by photovoltaic systems.
• Economic benefits for systems owners
The owner of a photvoltaic system receives revenue from the sale of the energy produced plus the incentive payment to which he is entitled, according to the KW hours of energy his produces.
Key Features of the February 19, 2007 Italian law to request the payment of incentives for photovoltaic systems
Who pays the incentives?
- The incentives are paid to the producers of renewable energy from a budget funded from an additional fraction added to the cost of electricity bills that all users are charged, and does not come from any State budget. The scheme is operated by an institution called GSE (Electrical Services Manager).
Who is entitled to receive incentives?
- Any owner of a photovoltaic system who has have applied for admission to the program within 60 days of the system being connected by Enel will be entitled to receive incentive payments according to the following table:
Producer consumed
There are additional benefits for producers who can use the energy produced on site, rather than buying it for € 0.10 to € 0,15-0,18 Kw / h
Life of the incentives
The incentives have a contract duration of 20 years and allow the owner of a roof, awning or car park to make risk free additional income from their property.
Request period
14 months after a total of 1.2 GW of PV capacity has been installed in Italy the incentives for future installations will be reviewed.
Why the installation of a photovoltaic system represents an opportunity?
The production of eletrcity using a PV system while receiving the incentive provided by the GSE is a great opportunity because:
- Currently The contribution is very attactive and is likely ot be renewed at its current level
- The cost of photovoltaic panels have reduced greatly and in the last few months seen further declines of up to 40%.