Net-Billing

What is Net Billing?

Net-Billing is a scheme for large electricity consumers that allows them to use the electricity generated by their own solar plant and sell the surplus to the grid. The consumer receives a credit on their next electricity bill based on the market value of the energy. This scheme is suitable for installations with a capacity of 10 kW to 8 MW.

Who benefits from it?

Net-Billing benefits businesses, large enterprises, and consumers who consume high amounts of electricity, such as industrial facilities or large commercial structures.

Why is it beneficial?

• Savings: You can reduce or altogether cancel your electricity bills.
• Additional income: Surplus energy is sold to the grid, bringing you additional funds.
• Green energy: By switching to renewable sources, you reduce your environmental impact and benefit from government incentives

Economic Benefits of Net Billing – Why Is It Advantageous?

Net Billing helps reduce electricity costs, as you earn revenue for the excess energy that your solar system generates and feeds back into the grid. As a result, your electricity bills can be significantly reduced, and under certain conditions, you may even cover the costs of all the energy you consume. Over a few years, the system can fully pay for itself.

What is the Typical Capacity of a Solar Station for Net Billing?

The capacity of a Net Billing solar station in Cyprus can vary depending on the energy needs of a household or business. Typically, households install systems ranging from 10 kW, while businesses may have capacities reaching 50-100 kW and up to 8 MW. The optimal capacity depends on your consumption needs and any network limitations in your area.

What is the Cost of a Photovoltaic System and the Annual Savings?

The cost of a photovoltaic system in Cyprus depends on its capacity, the quality of components, and the installation location. On average, the price per 1 kW of capacity ranges from €1,200 to €1,800, including installation. Annual savings on electricity bills for a typical household can range from €500 to €1,500, depending on energy consumption.

Who can install the Net Billing system in Cyprus?

Both individuals and legal entities can use the Net Billing system in Cyprus. This mechanism is suitable for households, businesses and other organisations that consume a significant amount of electricity. To install the system, you need to obtain permission from the local energy company and comply with a number of technical requirements.

Where can the Net Billing system be installed?

Solar panels can be installed on the roofs of homes, businesses, and in open areas if they can be installed at the right angle. It is important that the panels have maximum access to sunlight throughout the day to generate electricity efficiently. Before installation, a technical assessment should be carried out to ensure that the location meets the requirements for Net Billing.
You can send us your geolocation and our managers will advise you on the specifics of your installation.

Net Billing Application Process in Cyprus

To connect to Net Billing in Cyprus, you need to submit an application to the local energy company. The process includes a site assessment, technical evaluation for network connectivity, equipment selection, and solar system installation. Once installed, you’ll need to sign an agreement with the electricity provider to activate Net Billing.

How are electricity payments calculated under Net-Billing?

With Net-Billing, calculations are made by accounting for the electricity produced and consumed. If you produce more energy than you consume, the excess is sold to the grid at the market price. If you do not produce enough, the shortfall is compensated for by energy from the grid at standard tariffs.

Technical Requirements for Net Billing Installation

The technical requirements for installing a Net Billing system in Cyprus include several key aspects. Here is a summary of the main requirements:

Equipment Selection: Solar panels and inverters must comply with established safety and quality standards (IEC or UL certification). The systems should be compatible with the local power grid and must not interfere with its operation.

Inverter with Surge Protection: The inverter, which converts direct current (DC) from the panels to alternating current (AC) for the grid, must include built-in surge protection to prevent damage in case of grid instability.

Maximum System Capacity: The capacity of your solar power system for Net Billing is usually regulated by local guidelines and should not exceed your actual energy consumption needs. For households, capacity can reach up to 10 kW, while for businesses and industrial sites, it can be higher, depending on their energy use.

Installation Site: Panels should have unobstructed access to sunlight, free from shadows cast by buildings, trees, or other structures. A south-facing roof orientation or panel installation at an optimal angle (approximately 30-35°) is ideal for maximum energy production.

Monitoring System: It is recommended that the solar system include a monitoring function to track the amount of energy produced and consumed. This helps ensure system efficiency and proper energy accounting.

Grid Connection: To connect to the power grid, an assessment must be conducted to determine the feasibility of integrating the system with the local grid, and configurations must be made in line with the technical standards of the local energy company.

Surge Protection and Grounding: The system should have adequate lightning protection and a reliable grounding system to ensure safety and stable operation.

Permits and Certification: To activate the system, it is necessary to obtain a permit from local authorities and undergo a technical inspection. Once installed, the system must pass an inspection and be approved for integration into the Net Billing system.

These requirements may vary depending on the specific regulations and standards in your area.