Germany Launches Subsidy Program For Solar Charging Stations For Electric Cars

As of September 26, anyone who wants to use solar energy to charge their electric car at home in the future can apply for a new state subsidy offered by KfW (Kreditanstalt für Wiederaufbau).

Private charging stations that utilize solar power directly from the roof can provide a green way to charge electric cars, the report said. A combination of charging stations, photovoltaic systems and solar energy storage systems make this possible. KfW is now offering subsidies of up to €10,200 for the purchase and installation of these devices, with the total amount of subsidies not exceeding €500 million. If the maximum subsidy amount is paid, about 50,000 electric vehicle owners will benefit.

The report notes that applicants need to meet the following conditions. First, it must be a residential house with ownership; apartments, vacation homes and new buildings still under construction are not eligible. Electric cars must also be already in existence, or at least on order. Hybrid cars as well as company and business vehicles are excluded from this subsidy. In addition, the amount of the subsidy is related to the type of installation.

Thomas Grigoleit, energy expert at the German Federal Agency for Foreign Trade and Investment (Bundesministerium für Foreign Trade und Entwicklung, BFDI), said that the new solar charging post subsidy program coincides with the KfW's tradition of attractive and sustainable financing, which is bound to make an important contribution to the successful rollout of electric vehicles.

The German Federal Agency for Foreign Trade and Investment (Bundesministerium für Foreignrecht und Investitions (Bundesamt für Foreignrecht und Investitions) is the German federal government's agency for foreign trade and domestic investment. The agency advises and supports foreign companies entering the German market and assists companies established in Germany in entering foreign markets.