Solar energy prices up in Germany

06 Oct 2010
Digg Digg LinkedIn LinkedIn Facebook Facebook Twitter Twitter
Solar energy prices up in Germany

Solar energy prices in Germany are on the rise, according to a report.

The German Association of the Energy and Water Industries (BDEW) claims that electricity prices in the country rose by more than two per cent during the first six months of 2010, reports UPI.

Billions of euros paid by taxpayers in Germany for solar panels to fit to their homes have been blamed by the organisation for the solar energy price hike.

"Taxes and levies have climbed to a record high and now make up 41 percent of people's electricity bills," said BDEW director Hildegard Mueller.

Earlier this year, the German government agreed to reduce the subsidies it pays towards the installation of solar panels, which led to an upturn in the number of people purchasing them before the price increase.

It was recently announced that the German government wants at least 60 per cent of the country's power requirements to be generated from renewable energy sources by 2050. 

Digg Digg LinkedIn LinkedIn Facebook Facebook Twitter Twitter