Solar Panels on Balconies: An Attractive Proposition for Many Germans
Approximately one-fourth of Germans consider the idea of solar panels on their balconies.
A new survey reveals that a quarter of Germans are open to installing solar panels on their balconies. The survey, conducted by comparison portal Verivox, found that while 21% lack the space, 15% consider it unworthwhile, and 19% are against the idea, 19% remain undecided.
Out of the respondents who are considering solar panels, 9% have already installed one, and another 17% plan to acquire a balcony power station. A solar panel with an output of 800 watts can generate approximately 760 kilowatt-hours (kWh) of electricity per year, saving around 160 euros annually under optimal conditions, given an average kWh price of 34.7 cents.
Breaking Down the Cost-Benefit Analysis
Purchasing a small solar panel for the balcony can range from 500 to 800 euros, while a system for a garden or terrace costs between 400 to 700 euros. Over a period of 20 years, around 3160 euros in electricity expenses can be saved, offsetting the initial investment within 2.5 to 5 years.
Some federal states even support the purchase of a balcony solar panel. However, it is essential to note that the viability of a solar panel system depends primarily on the location. The more south-facing the balcony, the higher the yield, as this setup allows the modules to capture sunlight throughout the day. Those with north-facing balconies may only achieve a third of the possible yield.
Making the Most out of Your Balcony Solar Panel
Even if the conditions are not ideal, a balcony solar power system can still prove profitable. According to Thorsten Storck, energy expert at Verivox, "Balcony solar power stations are often profitable even if ideal conditions are not met." This means that even if the orientation is not optimal, or if a part of the produced electricity cannot be self-consumed, the investment can still provide a return, albeit over a more extended period.
Decoding the Profitability of Small Solar Panels
The profitability of a solar panel on a balcony depends on several factors, including energy production and consumption, initial investment costs, legal and regulatory framework, subsidies, system efficiency, technology, market demand, and growth. Mastering these factors can help ensure a successful and profitable solar installation on your balcony.
Related Topics:
- Solar energy
- Solar panels
- Solar industry
- Solar promotion
- Electricity price
- Subsidies
- Environmentally friendly energy solutions
- Home energy savings
Source: ntv.de, mau
Enrichment Data:
- Given that balcony solar panels often achieve higher self-consumption rates and produce less energy compared to traditional rooftop systems, it is essential to consider factors such as system efficiency and local solar potential to determine the cost-benefit and potential ROI of a balcony solar panel installation.
- Regulations in Germany require balcony solar power systems to be registered with the local network operator, which can add to the overall cost and complexity of the investment.
- Subsidies and reduced VAT rates on solar panels in some European countries can help reduce the upfront cost of acquiring a solar panel system.
- Inverter technology and the efficiency of the solar panels play a crucial role in determining the overall energy output and cost-effectiveness of the system.
- The growing demand for balcony solar systems in Germany indicates a strong market, which can influence the economic viability of these investments.
- Given the growing interest in balcony solar panels amongst Germans, community aid could be beneficial for small and medium-sized undertakings in the solar industry, helping to finance the acquisition of solar panels or subsidizing the costs to make them more affordable for those considering installation.
- With the potential for substantial energy savings and long-term financial returns, the profitability of small solar panels on balconies could attract finance from various sources, including banks and investors, particularly in the realm of energy and technology, opening up opportunities for small and medium-sized businesses to invest in and capitalize on this burgeoning market.
