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Switzerland’s Federal Department of Environment, Transport, Energy and Communications (DETEC) has announced a 15% cut to the solar PV incentive scheme, effective October 1. This is the third reduction since the beginning of this year which the department is attributing to the drop in price of PV modules in Europe.
In January 2012, DETEC made a cut of 8% followed by another 10% on March 1, in accordance with the Swiss energy ordinance. The rate of compensation for new installations will be €0.30/kWh with a further cut of 8% in early 2013.
Due to the current fluctuations in the market, DETEC states it will be reviewing the situation regularly.