Gyeonggi Province Supports Residential Solar Panel Installation with No Electricity Bill Worries

[Suwon Ilbo=Reporter Kim Gap-dong] Gyeonggi Province announced on the 7th that it will inject an additional 3.4 billion won of provincial budget into the residential solar panel installation support project, which has been reduced due to government budget cuts, and will formally implement the 'Gyeonggi Province Residential Solar Panel Support Project.' This project is being promoted as part of the 'Gyeonggi RE100' initiative.

Accordingly, the province will begin accepting applications for residential solar panel (3kW) installation from the 13th of this month for a total of 1,267 single-family homes (including multi-unit housing).

This project is the 'Gyeonggi Province Residential Solar Panel Support Project' implemented without national funding by additionally investing 3.4 billion won in provincial budget, separate from the Korea Energy Agency-linked residential solar panel support project that provides government subsidies (40%), municipal and county subsidies (20%), and provincial subsidies (10%).

The application period is divided into Phase 1, during which provincial and municipal subsidies are provided, and Phase 2, during which only provincial subsidies are provided.

The Phase 1 application period runs from the 13th to the 31st and supports 188 households. Gyeonggi Province covers 50% of the installation cost, municipalities cover 20%, and homeowners bear 30%. Gyeonggi Province residents can install a 3kW residential solar panel system with a total installation cost of 5,338,000 won by bearing approximately 1,600,000 won.

The Phase 2 application period begins on June 14th and supports 179 households. Gyeonggi Province covers 50% of the installation cost and homeowners bear 50%. Homeowners in Namyangju, Ansan, Gimpo, Gwangju, and Guangmyeong, where municipal and county funding is not separately allocated due to budget constraints, may apply during the Phase 2 application period.

With the installation of residential solar panels in 1,267 households in the province through this project, a total generating capacity of 3.8MW can be secured and annual greenhouse gas emissions can be reduced by 2,081 tons. Each household with residential solar panels installed can reduce their monthly electricity costs by approximately 70,000 won per month, or about 850,000 won annually, when using 400kWh of electricity per month.

Kim Yeon-ji, Director of the Energy Industry Division of Gyeonggi Province, said, "Gyeonggi Province plans to support the installation of residential solar panels in approximately 3,000 households to actively respond to the climate crisis and reduce the electricity bill burden for residents," and added, "In preparation for extreme heat, we will expand support so that more Gyeonggi Province residents can reduce their electricity bill burden."

Applications for the Gyeonggi Province Residential Solar Panel Support Program are available online only through the Gyeonggi Energy Transition website (http://ggenergy.or.kr).