The financial vice president of the Balearic Government has released the new call for public aid to renewable energy development, with funds from the Institute for Energy Diversification and Saving (IDEA), divided 2,275,000 euros between Islands.
The sector, one of the few to rise during the economic crisis, welcomes this new line of grants as an opportunity to convince people of the need to install renewable energy equipment in their own homes in order to overcome the progressive increase in the cost of light , already has gone up to 75% in the last five years and promises to continue to rise in the future.
Assistance organized by the economic department of the Bauzà Government granted to either solar, wind, mixed, biogas or thermal biomass teams. The resolution of Vice President Josep Ignasi Aguiló makes it clear that it will subsidize up to 30% of the cost of installation and the maximum injection of public money will be € 200,000 per applicant.
The official deadline for eligibility for support will end on Sunday 22 January. To be awarded some of the grants, you only have to prove that is has undertaken any renewable installation of its kind between the August 14, 2010 and August 15 this year. Installation companies can also seek help from the administration.