Solar Subsidies to Cost Further 18 Billion Euros, Spiegel Says

German subsidies for solar panels installed in the past year will cost consumers 18 billion euros ($23 billion) in 2012, Spiegel reported in a preview of an article to be published tomorrow, citing a report by the Rhein-Westfalen Institute for Economic Research.

This pushes the total level of funding commitments to beyond 100 billion euros, the magazine said, citing the report.