12,197 Solar Water Heaters Installed in 2011
A growing number of apartment operators are moving to solar water heaters in Lebanon to cut expenses and increase profits.
A total number of 12,197 solar water In 2011, heaters were installed in Lebanon, according to a study launched by the Lebanese Center For Energy Conservation (LCEC). The estimated market value for these systems is around 18,131,183 USD. The study shows that out of this total number, 3,557 solar loan applications were submitted as part of the national financing initiative launched by the end of 2010. All applications were accepted to benefit from interest-free loans for periods ranging from 1 to 5 years, with 48.3% of the applications being eligible to benefit from the 200USD subsidies (a total of 1,717 applications). The remaining 1,840 applications did not benefit from the 200USD subsidies.
The 8,640 additional systems were purchased and installed either in cash, personal loans, or in direct supplier-consumer quarterly payments, the study mentions
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