Solar Power Cost VS Grid Electricity Cost!
One of the most common questions we hear is: "Is solar power really cheaper than grid electricity?" The short answer is yes, and the difference is growing every year.
The Rising Cost of Grid Electricity
Electricity prices in Cyprus have seen significant increases over the last decade due to reliance on imported fossil fuels. Grid electricity is subject to market volatility, fuel adjustment costs, and taxation.
The Fixed Cost of Solar
When you install a photovoltaic system, you are essentially pre-paying for decades of electricity at a fixed price. Once the system is paid off (typically in 3-5 years), the electricity you generate is effectively free.
ROI Analysis
For a typical household in Cyprus consuming 6,000 kWh per year, a 4kW Net Metering system can save approximately €1,500 - €2,000 annually. Over a 20-year lifespan, this adds up to €30,000 - €40,000 in savings, far outweighing the initial investment.