Germans will have to invest more than €9 billion ($9.8 billion) per year to switch to renewable heating systems by 2028, said the Economy Ministry.
This amount will be compensated for by the returns from savings in energy costs, which are estimated at €11 billion over an 18-year service life. The estimated savings account for anticipated price rises for oil and natural gas, said the ministry in its draft legislation.
The new law is set to mark the gradual end of oil-fired and gas-fired space heating systems in Germany. From 2024, 65% of newly installed systems must be powered by renewables.
The ministry aims to install heat pumps, solar energy or hybrid systems combining heat pumps with gas. Hybrid systems would be made up of heat pumps providing a basic supply, and gas being supplemented on cold days.
Existing oil and gas heating systems can continue to operate and be repaired where necessary.
In the event of a defective heating system, gas heating can be installed for three years. If the system is planning to be linked to district heating, this could be extended to 10 years.
State subsidies are also planned, although the amounts remain unclear. Existing subsides are to be adjusted to cushion the investment. There will also continue to be tax rebates for property owners who install new energy systems.
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