solarshare

The answer to your question is yes - in a way. It is the bank that pays for the panels and you then pay them back from the production meter revenues which GSE pay directly into the loan a/c. As I have done this I can report that it works out OK. I have a slight overproduction too so the other meter - the two way one - returns a slight surplus on electricity bills as well. If you don't have an income the bank might demand a deposit, say Eur 10,000 so the entry cost might be that much.  At first glance this looks like a tight call as to whether it's worth it but the clincher for me is the fact that electrcity bills are not only below zero they are frozen too. Within 15 years just the saved bills should pay for the panels and they will still be there for more free years and payments that eventually go in your pocket and not the banks. I look on this as being like a pension where the income from the PV panels pays for all my other energy costs which with the solar/wood/ heat store combination are minimal anyway. You can do away with a gas boiler altogether so there is an immediate saving to be had there.

Yup Getby is used by friends of mine in Penna San Giovanni..............works VERY well..............550 euro year one, (set up costs etc) 300 per annum after; connection speed is a very steady 5mb +. I recommend it. You need line of sight to the antenna on Smerillo............ A chap in the computer shop in Montelparo (?)....install it. S

Sorry to be thick hope I have got this correct but I am not sure. As I understand it an average cost of a Solar PV installation (in UK for example) is between 10 and 15,000 pounds (roughly the same as Euro's for this question). A non resident of Italy would have no visible income in Italy, so,  a bank requests a 10,000 Euro deposit on a 10-15,000 Euro installation it sounds to me like you would be better off using the original 10,000 Euro's deposit as part payment for the installation and borrowing any shortfall. Or have lost the plot, which is possible due to age and insanity. Still interested in a PV installation though. It has to be a good idea, just the funding may be a challenge.

Quote we recently gave to a client for 11Kw, was between 66-68K depending on the installation type, so 60K for 6kw is very high.

I have had a quote for PV panels in Tuscany at 4,200 Euros per KW based on a supply of 12KW in total. I am not at the stage of installing but just getting costs so thought it might be interesting to you all. I have also heard of the loan to finance the purchase and installation which seems like a good idea to me. Apparently Italy has a long way to go to reach the EU target for renewable energy so it seems like this deal will be around for some time (i hope). Also the cost of this technology will be coming down the more people that have it.

The state incentives for PV are deductible from your IRPEF (income tax) so require that you are resident.  The incentives finish at the end of the year, which means that your plant must be installed and working by 31 December. The paperwork can be extended till June 2011.  The figures quoted seem high to me - 3Kw should be about 14-18000 euros. you get the highest rate of incentive if the panels are part of the house, slightly less if they're on a garage roof for example, and less till if they're apart from the house on the ground.  

You don't have to be resident to do the deal - only to claw back tax if applicable. The pay back is not 15 years at all. 7 - 8 is the norm.  Don't forget your leccy bills are going to go up every year meanwhile. The savings on your bills alone should buy the kit over 15 years... meanwhile there is something like 10 Eoros a day going into your pocket, or the bank's. A cash machine in the garden is a fine thing

Thanks for all the replies. I'm probably being thick but I still don't quite get it. Is this the way it works? Cost of PV installation (eg.3kw) lets say 18000euros Bank pays costs up front for the installation via a loan( what rate of interest would apply? favourable? or usual rate). Cost of loan repaid from ENEL payback on electricity generated. over what time frame? Are you then bill free? Or does your bill for electricity used depend on how much you are generating?   And is there any further cash payback from ENEL to you the account holder. This is what I cant get my head around. What about maintenance, insurance against damage ie hailstorms, theft etc? Who pays for that? Sorry to be dense

Thanks all this is very interesting however would not be in a possition to begin work on this project by Decemer so I guess this is another scheme I have missed out on. Oh well, still sounds like a good plan to get some of the bills down.