Korea: City of Incheon to Support Renewable Energy for Home Fuel Cells Installations

By April 3, 2020 2   min read  (219 words)

April 3, 2020 |

Fuel Cells Works, Korea: City of Incheon to Invest 9.8 trillion won ($8.37 billion) to Create 10,000 Hydrogen Jobs
  • 500,000 to 2.5 million won per energy source for 1,000 households

On March 31st, 2020 the city of Incheon announced that it will provide a total of 600 million won of solar, geothermal and fuel cell installation subsidies to approximately 1,000 households in connection with the government’s renewable energy housing support project. In the period of 2009 to 2019 the city has funded 5 billion won to 3,189 households in new and renewable energy facilities in housing support projects to expand the supply of new and renewable energy.

The city subsidies for fuel cell-based housing support has normally ranged at 2.5 million won for the fuel cell (based on the 1㎾)s.

“The housing support project is a project to support a part of the installation fee by applying to the Korea Energy Agency, the city, the county, and the ward office after signing an installation contract between the government-selected participating company and the applicant.”

The target of support is the owner of single-family homes as prescribed by the Enforcement Decree of the Building Act and will support the installation of one energy source per household.

“The energy facilities are expensive, but the energy savings are high, so it is expected that the budget will be exhausted due to high response from residents,” said Park Cheol-Hyun

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