The Ministry of Economic Affairs plans to subsidize buyers of household appliances and sellers of energy-efficient motors from next month through August as a means to boost consumption nationwide.
Minister of Economic Affairs Chang Chia-juch (張家祝) yesterday said the plan was part of short-term economic stimulus measures.
The ministry aims to provide financial support for users of energy-saving stove-tops and gas heaters, he said. Anyone buying such products will receive a subsidy of between NT$1,000 (US$33.49) and NT$2,000 per unit.
He estimated that a total of 280,000 units would be subsidized.
Meanwhile, to encourage manufacturers to produce more energy-saving motors, the ministry also plans to subsidize dealers and manufacturers over the next three years in a bid to help improve their sales, as well as to help users save on electricity costs.
The ministry will subsidize NT$100 per kilowatt for motors that generate 10,000 kilowatts of electricity a year and NT$300 per kilowatt for motors generating 40,000 kilowatts of electricity a year, Chang said.
The program is expected to cost the government NT$580 million, but will likely generate NT$10 billion in revenue, the ministry said.