Iran encourages households to establish solar panels

Business Materials 20 June 2015 15:09 (UTC +04:00)

Baku, Azerbaijan, June 20

By Fatih Karimov - Trend: The Iranian Energy Ministry has no problem to provide households with solar panels as much as they need, said Houshang Falahatian, the Iranian deputy energy minister.

The Energy Ministry is ready to buy electricity which is generated by household solar power stations, Iran's IRIB quoted Falahatian as saying on June 20.

The ministry will provide those people who are willing to establish solar power panels at their place of residence with 50 percent of the total cost in gratuitous loans, he added.

In November 2014, a project started in Iran's northeastern city of Mashhad for the installation of solar panels in homes.

Based on statistics of the Renewable Energy Organization of Iran, there is a potential for generating 30,000 megawatts of wind power and 10,000 megawatts of solar power in the country.

Iran is planning to produce 5,000 megawatts of electricity in the next five years using renewable energy sources.

Tehran seeks to become a major regional exporter of electricity. The country's total power generation capacity accounts for 73,157 MW.