Lebanon: Subsidy and Interest-free Loan for Residential Solar Water Heaters
The 200-USD-subsidy scheme started in October 2010. Till the end of 2014, 7,816 families profited from the loan, out of which 4,126 received a USD 200 grant. The USD subsidy requires the qualification of the company according to the labeling programme of the Lebanese Center for Energy Conservation (LCEC). However, all clients can benefit from the interest-free loans, regardless whether their solar system supplier is qualified or not, and whether the chosen systems are certified or not.
The first phase of the programme will end once the total 7,500 systems are subsidized which is not quite the case at the end of 2017. The Ministry of Energy and Water has allocated a new budget for the extention of the programme.
|
Country / region |
Lebanon |
|
Name of programme |
The National Financing Mechanism for Solar Water Heaters |
|
Type of incentive |
Soft Loans + Subsidy |
|
Eligible technologies |
Solar Water Heaters |
|
Applicable sectors |
Residential |
|
Amount |
USD 200 per System |
|
Maximum incentive |
USD 200 per System |
|
Terms of loan |
Interest-free loan up to 5 years |
|
Requirements for system |
A certified system is required to receive the grant Solar Keymark For local manufacturing it is subject to EN12975 and EN12976 test results The interest-free loan does not require any technical standard of the system |
|
Requirements for installation |
Company should be qualified by LCEC to receive the grant. There are no requirements for the installation if the client wants to receive the interest-free loan |
|
Finance provider |
Subsidy: Government of Lebanon Loan: Central Bank of Lebanon |
|
Total funds |
USD 1.5 million (for the grant scheme) limited to subsidise 7,500 systems. Budget for second phase of the scheme already allocated by Minister of Energy and Water |
|
Funding source |
Government of Lebanon |
|
Effective date |
March 2010 Implementation started in October 2010 |
|
Expiration date |
First phase will be completed when 7,500 systems are systems are subsidised. Budget for the second phase is already allocated by the Minister of Energy and Water |
|
Website |
N/A |
|
Last review of this tabloid |
November 2017 |
|
Contact |
Rani Al Achkar |
