Installation of solar panels, why now?

There is a reality instilled in the DNA of Spain and its culture, which is even known internationally, are the hours of sunshine that we are lucky to enjoy. Thanks to technological advances and the energy education that we are gradually receiving, society is increasingly aware of the need for a change in our way of consumption.

The installation of solar panels is a trend that in Spain is becoming more and more popular. According to the Spanish Photovoltaic Union (UNEF), in 2022 installations were carried out for a total power value of 5,207MW. This data, compared to 2021, means an increase of 108%. This is due to the fact that self-consumption of energy is an increasingly desired objective. Not only the weather conditions in Spain push us to want to make a change in our consumption, but also the prices of electricity from the conventional grid are increasingly unstable. This means that consumers are forced to pay the prices caused by the spikes in rates.

To all these factors, we must add that both Europe and Spain are promoting, through aid, subsidies and deductions or tax rebates, the widespread implementation of solar panel installations.

Therefore, the hours of sunshine in Spain, the fickle prices of the conventional network rates and the economic aid that accompanies the implementation of solar energy are three of the main factors that inevitably drive the installation of solar panels.

What are the benefits of installing solar panels?

If we choose to consume solar energy we will have different benefits that we could not obtain if we continue to depend on the conventional electricity grid.

First of all, it highlights the long-term economic savings. Although the initial investment of the photovoltaic installation can be considered high, it will end up being profitable, since we can reduce the price of the electricity bill by up to 80%. It must be taken into account that the maintenance of solar panels is minimal and represents an economic expense.

Next, the value of the infrastructure where we carry out the installation (home, business, industry) will increase. This factor is positive for the real estate market, since potential buyers welcome this type of energy alternative.

To continue, in the decision to install solar panels or not, we must take into account that the energy production of a photovoltaic installation can be up to 27 years.. That is, if we make the investment it will be to keep it for many years, which leads us to its next benefit, amortization.

Economic aspects of a solar panel installation

The economic aspects to consider in a photovoltaic installation are: the amortization of the system, aid, subsidies and tax deductions or allowances.

According to UNEF, the amortization of a solar panel installation can be made in about six years. It must be taken into account that this data may vary depending on the characteristics of the system and energy consumption.

The objective of Spain and Europe is that there is a great implementation of solar energy in the consumption of society. To achieve this goal, both governments understand that they must help the population financially to reach the desired energy transition.

The Government of Spain offers various subsidies and aid. Depending on the type of solar system, you can pay from 15% of the final price up to 50%. This variation depends on where the installation is carried out, in an industry, in an SME or in a house. To this we must add that there is a Recovery, Transformation and Resilience Plan (PRTR) that can subsidize any part of the budget.

In addition, we must also talk about deductions and allowances for certain taxes. The installation of solar panels allows a deduction of personal income tax and, also, a bonus in the Real Estate Tax (IBI) as well as the Tax on Facilities, Construction and Works (ICIO) in certain autonomous communities. Finally, we must know that each town hall also has aid for the installation of solar panels.

Solar panel installation process

Once we have decided to install solar panels, we must contact a company in the photovoltaic sector, which offers all the necessary services, such as AutoSolar. They will be in charge of making an installation budget adapted to the needs and consumption of the client (customer consumption, system size, roof space…). In addition, they will have to take into account the characteristics of the home (location, orientation, radiation, shadows…).

Once this budget has been approved, we proceed with different procedures (technical validation, memory and permits from the town hall and distributor), the company with which we contract the installation is in charge of all this.. Once we have all this, we proceed to the assembly of the photovoltaic system. And finally, you have to make a certificate and a regional registration of the installation.

Thus, the installation of solar panels will bring multiple benefits to any home. In addition to the economic and tax advantages, there is also the respect for the environment that the incorporation of green energy in our lives implies. The search for the right advice to guide the installation process will be the ultimate guarantee of success.

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