In Spain, we are increasingly choosing to benefit from self-consumption and solar energy. In this way, we are able to reduce the electricity bill considerably and also contribute to the environment, as is the case with solar panels.
We often believe that installing solar panels in a home is too expensive. However, the price will always depend on a number of factors, and it is also important to know the various aids that are in force, which make it possible to reduce installation costs. That’s why installing solar panels in Spain is becoming more and more profitable.
Factors influencing the price of installing photovoltaic panels
The price of installing solar panels is not the same in all single-family homes. The cost will depend on the solar panels needed by the house in question, relative to the range of your electricity bill.
How much it could cost you to install solar panels in your home depending on what you pay on your electricity bill, let’s give some examples via EDP-Fotocasa Energía.
My electricity bill is 60 to 90 euros
If you spend on average between 60 and 90 euros every month in your home, our EDP professionals would incorporate 6 solar panels with a power of 2.7 kWp.
The investment for this type of installation would be 5,999 euros. However, remember that you have grants and grants available that allow you to lower your budget. After applying the bonuses currently available in Spain, your final budget would be 4,361 euros, a considerable discount on the price.
By installing these solar panels you will contribute to the environment, reducing 944 kilograms of carbon dioxide (CO2) annually into the atmosphere, as well as reducing your electricity consumption by 50%.
My electricity bill is 90 to 120 euros
If in your case, your electricity bill goes up between 90 and 120 euros, you would need an installation of 9 solar panels in your single-family home.
The initial investment without subsidies would be EUR 7,718, which would remain at EUR 5,261 after the implementation of the grants and subsidies. By installing solar panels in your home, you could reduce 1,424 kilograms of CO2 to the atmosphere every year.
Existing aid for the installation of photovoltaic panels
Currently, there are three current aids available that you can apply for and will help lower your electricity bill:
Transformation, Recovery and Resilience Plan grants. It is subsidised up to 50% of the final cost, which varies according to the Autonomous Community in which you reside.
Bonuses in the Real Estate Tax (IBI). Homeowners can reduce the cost of the tax by between 30% and 50%.
Deductions on the IRPF. The deduction in Personal Income Tax will depend on your Comunidad Autónoma.