Have you considered how solar panels can lower your electricity bills while benefiting the environment? You’re not alone. In Serbia, the number of prosumers—those who both consume and produce energy—has been growing rapidly. As of January this year, more than 4,300 prosumers were registered, collectively generating over 84 MW of power, with numbers continuing to rise.
More citizens and entrepreneurs are recognizing the financial and energy efficiency benefits of solar panels. However, a common question remains: How much does it actually cost to install solar panels in Serbia?
The cost of installing solar panels in Serbia
Several factors influence the installation cost of solar panels, including the system size, equipment type, roof type, and necessary documentation.
On average, the installation price for a solar system in Serbia ranges from 1,000 to 1,200 EUR per kilowatt of installed power. For a 6 kW solar system, this means a cost between 6,000 and 7,200 EUR. The price can fluctuate depending on factors such as equipment quality and installation complexity.
When compared to EU countries, the cost of solar panel installation in Serbia is quite competitive. In Germany and France, the average cost is around 1,600 EUR per kilowatt, while in Italy it’s around 1,300 EUR.
Is installing solar panels worth the investment?
One of the key questions when considering a solar system is whether the investment is worthwhile. The main advantage of installing solar panels is the reduction in electricity costs.
In Serbia, the average savings on monthly electricity bills can range from 50 to 80 EUR, leading to annual savings of 750 to 800 EUR.
If the cost of a 6 kW solar system is between 6,000 and 7,200 EUR, the estimated return on investment (ROI) is typically achieved within 8 to 10 years. However, this can vary depending on factors such as energy consumption, roof orientation, system quality, and electricity prices.
Lifespan of solar panels
The longevity of solar panels is another important consideration. Modern solar panels typically last between 25 and 30 years, with efficiency gradually declining over time. Even after this period, they usually retain around 80% of their original efficiency.
The quality of installation, environmental conditions, and maintenance practices all play a role in extending the lifespan of solar panels. Panels installed in areas with milder weather conditions and maintained regularly will perform better for longer. Additionally, many manufacturers offer warranties that last for several years, providing further assurance of long-term reliability.
In conclusion, installing solar panels in Serbia is a cost-effective and environmentally friendly choice. With competitive installation costs, significant savings on electricity bills, and long-lasting performance, it’s a smart investment for both homeowners and businesses looking to reduce energy expenses and contribute to sustainability.
