Solar power:
Today, the main source of development for renewable energies is solar power. In 2008, the Government subsidised thermal production systems using solar power (thermal solar panels), to replace oil boilers and/or supplement gas or wood boilers. In 2012, this subsidy was extended to cover the installation of any system producing thermal solar power. The subsidy amounts to 30% of the installation, with an upper limit of 30,000€.
In 2014, the Government implemented an incentive measure for the production of photovoltaic energy. Any producer with an installation of over 3KW peak power (approximately 25m2) is able to benefit from a grant for each kilo watt hour of electricity produced amounting to 0.36 € exclusive of tax for flat roofs and 0.53 € exclusive of tax for all other cases. Once granted, this incentive measure is guaranteed for 15 years.
This measure is funded thanks to the sale of energy. The concession agreement for gas and electricity distribution, signed in 2009 between the Government and the Société Monégasque de l’Electricité et du Gaz, provides that the sale of electricity will finance a Fund aimed at helping the Principality to achieve its sustainable development goals by means of a policy to control energy consumption and to develop renewable energies.
Solar photovoltaic:
The development of photovoltaic systems is currently the Government’s priority in terms of developing renewable energies.
Other than the installation cost, Monaco’s territory, entirely urbanised, has no available shadow-free ground areas and the roofs are already widely occupied by the buildings’ technical installations and terrace gardens.
In order to promote the development of photovoltaic energy, in 2014, the Government implemented an incentive measure for the production of photovoltaic energy. Any producer with an installation of over 3KW peak power (approximately 25m2) is able to benefit from a grant for each kilo watt hour of electricity produced amounting to 0.36 € exclusive of tax for flat roofs and 0.53 € exclusive of tax for all other cases. Once granted, this incentive measure is guaranteed for 15 years.
This measure is funded thanks to the sale of energy. The concession agreement for gas and electricity distribution, signed in 2009 between the Government and the Société Monégasque de l’Electricité et du Gaz, provides that the sale of electricity will finance a Fund aimed at helping the Principality to achieve its sustainable development goals by means of a policy to control energy consumption and to develop renewable energies.
Electric vehicles:
The Government implements a proactive policy to promote electric vehicles. The latest changes to the subsidy scheme entered into force on 1st September 2013. New elements compared to the previous scheme concern three points:
• a specific grant for rechargeable plug-in hybrid vehicles has been created,
• the maximum level of CO2 emissions per kilometre for petrol-fuelled hybrid vehicles has decreased from 150gr to 110gr
• subsidies for diesel-fuelled hybrid vehicles have been withdrawn.
The subsidy amount for electric vehicles remains unchanged and represents 30% of the purchase price inclusive of taxes, with an upper limit of 9000 Euros for 4-wheeled and 3000 Euros for 2-wheeled vehicles.
