The purpose of the program is to utilize idle sites such as rooftops and parking spaces of industrial complexes with high solar power generation revenue to generate economic benefits for the tenant businesses and to contribute to delivering the actions under the government’s Renewable Energy 3020 Implementation Plan.
- Generate additional economic benefits by promoting solar power generation projects that utilize factory rooftops with no intended purpose.
- Factory roofs, which can secure sufficient sunlight, allow easy connection to the power grid and are given a higher weightage (1.5) for RECs (Renewable Energy Certificates), making them more attractive in terms of profitability.
- Requires little cost for permits and licenses and allows quick installations as no authorizations are required for the development.
- Installation of solar panels helps to maintain a steady temperature inside the factory, which leads to a major cost-saving effect for utility operations.
- Easy to install as as there are no violations of regulations, such as distance limits to residential areas, and no issues such as acceptance by the local residents.
- Standalone factories outside industrial complexes may also apply for the financing support program.
An individual who wishes to install new and renewable energy facilities for self-use in general buildings or facilities and currently owns (a representative in the case of joint ownership) the said property as stated in the real estate register or is soon expected to become an owner
* Excluding recipients of housing support programs (single-family houses, apartment houses, and government-supported housing), regional support programs, and those subject to mandatory installations
- Building support programs: :
includes all buildings and facilities not in scope of residential housing, as stated in Article 21 of the Regulations on Support for New and Renewable Energy Facilities, and buildings and facilities owned or managed by local governments.
- Pilot programs :
projects intended to install new and renewable energy facilities for a fixed duration of the pilot program where development results for new technologies are applied to housing, buildings, and additional facilities or where new technologies are to be applied after validation by demonstration.
* According to Article 2 (Definitions) of the Subsidy Management Act, buildings and facilities owned or managed by the state are not eligible for subsidies.
- A subsidy will be only provided for facilities that have completed their installment after the announcement of the project for the given year.
* Subsidies will be canceled for projects that have applied for this project after having started their installations. - Not eligible for installations for buildings owned by the selected partner companies.
- All applicants and participating companies must comply with relevant laws, regulations, notices, as well as guidelines of the Center and program. Failure to comply with the rules and standards may result in withholding or recovery of subsidy payments or revocation of the project.
- All information submitted for the program must be accurate. Any mistakes, omissions, or errors may be grounds for revocation of the project.
- Unless otherwise specified, subsidies shall be paid directly to the participating companies by obtaining their consent on the subsidy payment. Any other specific requirements shall be determined by the Head of the Center (refer to [Appendix 4] Consent Form for the Payment of Subsidies).
- Apply to the project :
Participating companies
- Selection of participating companies :
New & Renewable Energy Center
- Apply for facility installation :
Property owner
- Application review / approval :
New & Renewable Energy Center
- Facility inspection and subsidy payment :
New & Renewable Energy Center
For new and renewable energy facilities, the government subsidizes a portion of the installation cost to promote the commercialization of newly developed technologies and expand the market by promoting the supply of commercialized technology.
- Pilot project :
Pilot program to supply facilities to promote the commercialization of developed technologies (subsidies within 80% of the costs for self-use facilities)
| Classification | Scope of subsidy (per project) |
Support budget (KRW, million) |
Subsidy unit price (KRW 1,000, including VAT) |
Remarks | ||
|---|---|---|---|---|---|---|
| Solar (Fixed) |
General | 200kW Less than | 28,329 | General module | 972/kW | - |
| BIPV (Building-integrated photovoltaics) | - | 9,177 | Separate review | Up to 70% Priority support(Roof-type 50%, Wall-type 70%) | ||
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