Many financial support policies for rooftop solar power installation - Photo: Q.DINH
Accordingly, household solar power systems are supported with investment capital with a maximum rate of VND 500,000 for 1 kWp of total rated capacity of photovoltaic panels installed in the system (PV panels), but not exceeding VND 2.5 million for a household, applicable until January 1, 2031.
Supported investment funds, commercial loan interest rates
At the same time, household solar power systems are supported with commercial loan interest rates for investment. Specifically, the short-term loan interest rate in Vietnamese Dong is applied according to the regulations of the State Bank of Vietnam on lending activities of credit institutions and foreign bank branches to customers.
The maximum interest support period is 3 years from the date of loan disbursement according to the credit contract with the commercial bank.
The maximum interest-supported loan limit is 7 million VND for 1 kWp of total rated capacity of PV panels installed in the system, but not exceeding 35 million VND.
The above support funding is balanced within the local budget's development investment expenditure.
Every year, the Provincial People's Committee submits to the People's Council for consideration and decision on specific levels of financial support, ensuring that they are consistent with the provincial budget and the capital investment needs for developing household solar power systems in the area.
Along with financial support, technical support will be provided during investment, installation and operation if requested by the householder. In which, the local power unit will provide technical guidance on connection, control, monitoring, protection; and installation instructions to ensure electrical safety.
The responsibility of these units is to provide guidance within 5 days from the date of receiving the request. If the householder has a need to sell the surplus electricity output of the household solar power system to the grid, the local power unit is responsible for coordinating the installation and replacement of a two-way electricity metering system suitable for the capacity; providing guidance on procedures and signing a sales contract.
Electricity and local authorities are responsible for support.
The People's Committee at the commune level guides the design, solutions to ensure the safety of the construction and fire prevention and fighting solutions in accordance with relevant legal regulations and suitable to the housing conditions of the household.
Households are financially supported when they meet the conditions such as having a support application; completing all procedures, connecting, accepting and putting into operation the household solar power system in accordance with regulations.
Household owners must be responsible for ensuring accurate information in the application for support, installation and use of equipment, materials, wires and accessories of clear origin, ensuring compliance with current standards, technical regulations and regulations of competent state management agencies.
Comply with all legal regulations on fire prevention, fire fighting, electrical safety, environmental protection and relevant regulations during the operation of self-produced and self-consumed rooftop solar power sources and electricity storage systems and the principles specified in this decision. Use the support funds for the right purposes.
According to the Ministry of Industry and Trade , the advantages of self-produced and self-consumed rooftop solar power: No use of land area; helps save electricity costs, low operating and maintenance costs; investment rate for solar power reduces by an average of over 10%/year...
Disadvantages of self-produced and self-consumed rooftop solar power: Depends on roof area, weather, low stability of power supply (especially when not combined with power storage system), relatively high initial investment cost if installing additional power storage system (risk of fire and explosion for power storage system if using equipment that does not ensure quality according to standards).
Source: https://tuoitre.vn/ho-gia-dinh-se-duoc-ho-tro-toi-da-2-5-trieu-dong-lap-dien-mat-troi-mai-nha-20250719114454718.htm
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