The Bulgarian Ministry of Energy has announced the launch of a 240 million Bulgarian lev ($134 million) rebate program open to applications for households installing solar water heating systems and rooftop photovoltaic arrays, which may also be paired with battery storage.

The Bulgarian Ministry of Energy has launched a solar rebate program of up to 240 million BGN to help households reduce their carbon footprint and lower household electricity bills.

Homeowners can now apply for funding for solar water heating systems and rooftop photovoltaic systems up to 10 kWp, which may also be paired with battery storage, the department said. The deadline for applications is November 10.

Following final approval by the Union Council, funds totaling BGN 140 million will be distributed through Bulgaria's National Recovery and Rehabilitation Programme, with the remainder coming from additional funds from the state and private entities. Funds up to 80 million BGN will be distributed in the first round of financing.

According to the long-awaited financing plan, solar water heating systems can be fully funded, but not exceeding 1961 levs; photovoltaic systems below 10 kwp can receive subsidies of up to 70% of the total project amount, but not exceeding 15,000 levs . To apply for financial assistance, households should still be using inefficient heat sources such as wood or coal-fired stoves, boilers or fireplaces, and must be the applicant's permanent residence.

According to Solar Energy Europe (SPE), Bulgaria's cumulative installed PV capacity has reached 1.5 GW by the end of 2022.