SEOUL, SOUTH KOREA, May 16, 2018 — The Seoul Metropolitan Government will allocate eight billion won ($7.4 million) of budget to install “mini solar power plants” on the roof of houses and buildings. By the end of this year, it plans to provide 13MW solar power panels to a total of 1,850 houses and buildings – 750 households living in single houses or apartment buildings and 1,100 office buildings.
Those who install this small-scale solar generator on the roof of a house or a building may get the economic benefits by utilizing their unused space in an eco-friendly way, and also reducing utility expenses.
Using solar energy is getting popular among the citizens as an effective way to manage the utility bills especially during summer’s heat wave and winter’s cold wave. If a household uses 400kWh of electricity in a month, it can save 52,850 won ($49) per month by installing a 3kW solar power panel that produces 288kWh a month.
The city government’s subsidy for the mini solar power plant is 600,000 won ($560) per kW for this year. If religious organizations and others agree to install it, the City will provide 700,000 won ($650) per kW. To implement this support plan, the Seoul Metropolitan Government has already selected 17 distributors last April.
Besides, the city government will extend the subsidies to private childcare centers or kindergartens, senior citizen welfare centers, security guards’ offices working at apartment complexes.
If general single houses want to rent a solar power panel, the city also supports them so that residents can install solar panels without worries about the installation cost. Since the rented solar power facility guarantees the amount of power generation, and its follow-up services are available for seven years, the number of installation in single houses as well as apartment buildings is expected to increase.