To encourage the use of renewable energy, the Portuguese Ministry of Finance has launched a funding scheme enabling all home owners to install solar hot water systems at up to half-price.
Solar installers Penguin, specialists in heating and cooling solutions, are participating in a government scheme which allows home owners in Portugal to obtain significant, no-obligation funding up to 50% towards the purchase and installation of solar hot water heating systems.
A grant of €1641,70 is available to home owners applying to the scheme, plus a tax-deductible sum up to €796.00.
Penguin director, Chris Blackburn, commented: "This scheme offers an un-missable opportunity for any home owner whose property is suitable for a solar installation. The low purchase cost, set against typical annual water heating bills, can now offer a return on investment in as little as 1-2 years. After this time, the system will provide around 80% of your domestic hot water needs direct from the sun, entirely free."
For a property to be suitable for an effective solar system, it should have a roof, terrace or an outside space which can accommodate 2 panels and which is south-facing, un-shaded and unobstructed. The grant is also available to foreign property owners, the only caveat being that they should have a Portuguese bank account and must physically be in Portugal to make the application (i.e. it cannot be made remotely).
Chris Blackburn stressed that this is a limited opportunity: "This scheme is only available until the end of the year, so we urge those interested to take immediate advantage of what is a truly excellent opportunity. There are various systems available at a spectrum of prices, but those of higher quality will offer best performance and cost-efficiency in the longer term."
Contact Penguin for further information and a free survey, to assess the suitability and best configuration for a solar system.