One Million Green Home Programme
The so called “1 Million Green Home Project” in Korea supports a big range of renewable energy technologies: solar thermal, photovoltaics, geothermal, biomass or small wind energy. The aim until 2020 is to create a million homes that use one of these technologies. Each year, the government will set the new budget for the next one.
The Green House Program did not accept new applications in 2018 due to a lack of allocated budget. The administrators only paid subsidies for applications from the years 2016 and 2017 that were delayed in payment.
| Country / region |
South Korea |
| Name of programme |
1 Million Green Home Project |
| Type of incentive |
Subsidy |
| Eligible technologies |
Solar thermal, PV, geothermal, biomass and small wind |
| Applicable sectors |
Residential sector (home owners need to be on a residential list) |
| Amount |
930,000 KRW/m2 (715 USD/m2) |
| Maximum incentive |
50 % of the investment cost of a solar thermal system |
| Requirements for system |
Collector certification has to comply with requirements set forth by the government |
| Requirements for installation |
The installer has to be certified by the Korean Energy Management Corporation (KEMCO). |
| Finance provider |
Korean New and Renewable Energy Center (KNREC) http://www.knrec.or.kr |
| Total funds |
KRW 94.3 billion ( USD 72 million) for all five technologies in 2009:
KRW 59 billion (USD 45 million) for photovoltaics (exchange rate: 1 USD / 1,300 KRW) |
| Funding source |
Public money |
| Effective date |
1 January 2009, with an stop in funding in 2018 |
| Expiration date |
2020 |
| Website |
Ministry of Knowledge Economy (www.mke.go.kr) |
| Last review of this tabloid |
December 2017 |
| Contact |
Koran Energy Management Corporation South Korea |
