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27 May, 2024
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Consumer protection urges photovoltaic market research

Investment coverage up to €5,000 for photovoltaic systems


The Consumer Protection Service of the Ministry of Energy emphasizes the importance of thorough market research for consumers considering the installation of photovoltaic systems. In today's announcement, the Service provides guidance to consumers who have either received or anticipate receiving pre-approval for participation in the new "photovoltaics for all" category of the sponsorship plan aimed at promoting the use of renewable energy sources (RES) and energy efficiency.

The completion of the computerization process for evaluating applications under the "photovoltaics for all" category, part of the "sponsorship plan for encouraging the use of RES and energy efficiency in residential buildings 2024-25," has been confirmed by the Management Committee of the Fund for Renewable Energy Sources (RES) and Energy Saving (ex.E). Pre-approvals are now being dispatched to eligible applicants.

Consumers are reminded by the Consumer Protection Service to conduct thorough market research to ensure they make the most informed decision. While price is a significant factor, consumers are advised not to make it the sole criterion. The performance and technical specifications of the photovoltaic system should also be carefully considered.

With numerous participating traders offering various options, consumers are encouraged to explore alternatives and conduct appropriate market research to identify the most suitable option for their needs.

It's important to note that the project covers investments of up to €5,000, with any additional expenses beyond this amount to be borne directly by the applicant. Consumers are urged to recognize the wide range of prices available in the market, with systems falling within the subsidy's coverage amount.

In conclusion, consumers are urged to exercise diligence in their research and decision-making process, ensuring they select a photovoltaic system that meets their requirements effectively.

[With information sourced from CNA]

Cyprus  |  solar  |  energy

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