Aid to Market Penetration of Renewables - New Development Law 1998

Incentive systems have been implemented by the Development Law 2601/98 to increase the market penetration of renewables and co-generation. This law replaced the previous one (Law 1892/90), and the Operational Programmes for Energy and Competitiveness. These mechanisms provide a maximum 35% grant for investments in power generation and a maximum 75% deduction from taxable income for the residential and service sectors for solar heating systems. Greece does not intend to establish a green certificate system in the near future but considers it a viable option in the long term.