Photovoltaics: how much can you save?
Photovoltaic energy represents one of the most widespread sources of renewable electricity production, both in Italy and around the world. A highly efficient and sustainable power generation system, it is based on the use of a renewable and inexhaustible source of energy, a symbol of life since the beginning of time: the sun. The penetration data for renewables in Italy are rising sharply, both in the domestic and industrial sectors, not only of the different forms of incentives available but also, and above all, due to rising energy prices that have convinced even the most sceptical to invest in renewables. Switching to photovoltaics represents a conscious choice in terms of respecting the environment and, at the same time, an advantage above all in terms of savings and financial planning, as it protects users from being exposed to the heavy fluctuations of the energy market. As discussed in our article dedicated to the life-span of photovoltaic panels, modern photovoltaic systems ensure a constant return of more than 20 years if they are well installed and managed, guaranteeing increasingly shorter payback times from the investment. Confirming this positive trend for photovoltaics, data from the latest Italia Solare report prepared on the basis of Terna’s Gaudi data showed that in the first nine months of 2023, more than 3,550 MW of new photovoltaic power was connected, with a growth of 117 % compared to the same period in 2022, for a total of 1,506,558 systems distributed throughout the country.A valuable, durable investment with a short payback period
Photovoltaics represent a concrete green breakthrough in self-generating electricity and thus become independent of fluctuations in the electricity market. The benefits of installing a photovoltaic system are numerous, including: Growing energy independence Installing a photovoltaic system allows you to generate your own electricity, becoming independent from the energy market and its associated cost fluctuations. In these terms, energy autonomy becomes synonymous with savings, control over financial planning and an increased investment potential for both businesses and households. Savings on utility bills The installation of a photovoltaic system also enables a reduction in energy costs, freeing the end user from the costs of supply from the electricity grid or other sources, totally or partially appropriate storage systems also allow this benefit to be extended to those with nocturnal energy needs.The enhancement of property
Homes and businesses equipped with renewable systems are an environmentally sustainable and energy-efficient solution, with an associated increase in the property’s commercial value on the real estate market.Environmental sustainability
Turning solar energy into electricity through an emancipation from fossil fuels also means significantly lowering the impact of fossil fuels on the environment. For a successful company, reducing carbons footprint and contributing to global sustainability goals is a must.Utility bill savings with photovoltaics
Renewable energy, including photovoltaics, is now synonymous with sustainable energy education, an element which overrides any speculative factors for the benefit of education and responsible living. Therefore, the educational benefit of energy transition is clearly demonstrated by a practical benefit in the reduction of utility bills. Simplifying the question, the main economic benefits associated with photovoltaic systems are:- savings: bill savings generated by PV is equal to the production of the kWh price charged by the electricity supplier and the consumption of the energy produced by the PV system (self-consumption);
- contribution from the GSE: electricity produced by a PV system and fed into the national grid because which is not consumed or stored is valued and subsequently compensated by the GSE;
- incentives and deductions: many government incentives and deductions can be accessed for the installation of photovoltaic systems, allowing the initial investment to be amortised. There are also a range of incentives resulting from participation in grant calls issued in conjunction with the disbursement of NRP funds.
Discover the efficiency of our photovoltaic installations and the turnkey solutions we have identified for existing clients: visit the section of our website dedicated to some of the projects we have implemented.
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