Can solar panels lower your energy bills in Lithuania?

To lower their energy bills, more and more households and companies in Lithuania are installing solar panels on their roofs, making use of the government’s subsidies. But what to do if you live in a block of flats?

Why should Lithuania invest in solar power?

“The quicker we invest, the more we will reduce our costs, the more we will generate in Lithuania and the lower the price will be for all other consumers,” he believes. The Energy Ministry says interest in solar power plants has doubled this year, so the government has earmarked over 600 million euros in subsidies for 2022-2023.

Can you sell solar power in Lithuania?

Residential PV system owners in Lithuania are entitled to sell excess power to the grid under net metering. According to the International Renewable Energy Agency, the Baltic nation had 148 MW of installed solar power at the end of 2020. It is heavily dependent on energy imports.

How can Lithuania develop a small energy sector?

The development of small energy aimed at consumers who produce electricity themselves is one of the priority activities of the Lithuanian Ministry of Energy. Virtual power plants and demand-side management technologies are another important tool.

How does a solar power plant work in Lithuania?

Consumers operating solar power plants produce electricity for their own use and participate actively in the exchange process with the DSO. Currently, more than 2,500 consumers produce electricity in this way in Lithuania.86 The traditional customer becomes not only a consumer, but also a producer of energy.

How much will Lithuania spend on PV rebates in 2022?

Vilnius, Lithania. The Lithuanian government has decided to allocate a total €40 million in funds for its residential PV rebate scheme in 2022. The government said it had originally earmarked €5 million for the program and that the budget increase was necessary to meet the strong demand registered since the scheme was launched.