Perhaps you're hesitating to put in solar panels in your home for an eco-friendly gesture for the planet or just simply for the savings.

Here's some tax and financial information that could be useful if you want to install photovoltaic panels in your home.

After filing a request and presenting your project to the Ministry of Ecology, you could claim some aid from public institutions of the Grand Duchy.

The Luxembourg State grants assistance equal to 20% of the cost of investment, limited to €500/kWc, with the total aid limited to 15,000 euros.

You can get tax assistance valid for institutions of over 4kWc. VAT can also be recovered.

Depending on the city you live in, you may also benefit from assistance from the city, whose maximum amount will vary depending on the size of your projecT.

Also not that installation costs have lowered relatively over the past 10 years. Today, you need to count on €2,000/kWc, which is three times less than ten years ago.

To measure your return on investment, know that the depending on the surface are of your roof that is covered with solar panels, you can produce a greater number of kWh, thereby reducing your electricity bill. On average, households questioned about their investment in this type of renewable energy confirm that they cover the cost of their project after 5 years.

You can do all these calculations on calculix.lu.

If you've decided to invest in solar power, contact the Ministry of Ecology and your city for more information about available aid.

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