SAB Saxony Credit for Energy and Storage: A Comprehensive Guide

The SAB Saxony Credit for Energy and Storage program provides financial support for investments in renewable energy and energy storage solutions within the Free State of Saxony, Germany. This program aims to increase the share of renewable energies and improve energy efficiency across various sectors, offering both investment loans with repayment subsidies and direct grants.

Overview

The SAB Saxony Credit program supports a wide range of applicants – from private individuals to businesses and municipalities – planning projects that promote renewable energy and energy efficiency. It focuses on expanding photovoltaic and geothermal systems, as well as storage facilities, and fostering greater acceptance of renewable energy sources. GrantBite provides a useful overview of the program.

Funding Options

The program offers two primary funding mechanisms:

• Investment Loans with Repayment Subsidies: These loans are designed for larger projects and include a repayment subsidy component.
• Direct Grants: Available for plug-in photovoltaic systems.

Eligible Sectors

The SAB Saxony Credit supports investments in the following sectors:

• Photovoltaics
• Geothermal energy
• Electricity storage
• Heating/cooling storage
• Energy efficiency
• Energy saving
• Substitution of fossil fuels

Who Can Apply?

Eligible applicants include:

• Natural persons
• Legal persons under public and private law
• Associations of these entities
• Freelancers
• Homeowners’ associations
• Businesses
• Municipalities
• Municipal special-purpose associations
• Legally dependent municipal enterprises
• Public law corporations and institutions
• Contractors providing energy efficiency services

For funding of plug-in photovoltaic systems, only natural persons with a primary residence in the Free State of Saxony are eligible.

Funding Details

• Maximum Amount: Up to 5,000,000 EUR
• Funding Rate: 10% – 20%
• Funding Amount: €35,000 – €5,000,000
• Deadline: Ongoing – applications can be submitted at any time.

Eligible Expenses

Eligible expenses include:

• Installation or expansion of photovoltaic systems (30 kWp to 1 MWp)
• Installation, replacement, or expansion of decentralized stationary electricity storage systems
• Installation of electrically operated geothermal heat pumps
• Installation or expansion of heat/cold storage systems

Non-Eligible Expenses

The following expenses are not eligible for funding:

• Photovoltaic systems with EEG funding
• Installations on agriculturally used land (arable land/grassland)
• Self-built systems, prototypes, and used systems
• Construction investments in non-permissible flood or inundation areas

Requirements

To be eligible for funding, applicants must meet the following requirements:

• Implement the project in the Free State of Saxony
• Utilize an investment loan from SAB corresponding to the eligible expenses
• Comply with the technical requirements according to the EEG and funding guidelines
• Obtain written permission from the property owner in case of lease or rental agreements
• Observe the binding periods (5 years for photovoltaic and electricity storage, 12 years for geothermal heat pumps and heat/cold storage)

Required Documents

The following documents are required for application:

• SAB Saxony Loans Declarations
• Applicant Declarations
• House Bank Assessment
• SME Assessment
• Annex 1 Declaration

Further Information

For more detailed information about the SAB Sachsenkredit Energy and Storage program, please visit:

• SAB Sachsenkredit Energie und Speicher
• SAB Saxony Credit: Secure Funding for Renewable Energy & Storage!
• SAB Sachsenkredit Energy and Storage | Reflecta Fördermittelkompass
• SAB Sachsenkredit Energy and Storage – ketmarket.eu