Net-Metering

What is Net-Metering?

Net-Metering is a compensation scheme that allows solar panel owners to use the electricity they produce to reduce their bills. The system is based on the principle that you consume electricity for your own needs, and the excess that is not used is transferred to the grid. This volume is then deducted from your bill, which allows you to reduce your electricity costs.

Main advantages:

• Saving on electricity: Your excess energy offsets future consumption.
• Energy independence: You are less dependent on tariff fluctuations.
• Environmental friendliness: Using solar energy helps to reduce your carbon footprint.

How does it work?

• You use the energy produced for your own needs.
• The surplus is returned to the grid.
• In the next period, you pay only for the energy that you have consumed in excess of what you have produced.

Economic Benefits of Net-Metering – Why is it advantageous?

Net-Metering allows solar system owners to produce electricity for their own consumption and sell any surplus back to the grid, which reduces electricity bills. This leads to significant cost savings and a quick return on investment. Solar system owners can save a substantial amount annually, and in some cases, even cover their total energy expenses.

What is the power capacity of a solar system for Net-Metering?

The power capacity of a solar system for Net-Metering in Cyprus depends on the energy needs of the consumer. Typically, residential systems range from 3 kW to 10 kW, while businesses can opt for larger capacities, taking into account their electricity consumption and the technical capabilities of the grid.

What is the cost of a photovoltaic system and the annual savings?

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

Who can install a Net-Metering system in Cyprus?

Net-Metering systems can be installed by private households, commercial businesses, and public organizations. This solution is suitable for any entity with energy needs that wishes to reduce its electricity expenses.

Where can a Net-Metering system be installed?

Net-Metering systems can be installed on rooftops of residential or commercial buildings, warehouses, or on the ground, as long as they meet local regulations and technical requirements. The installation site should have sufficient sunlight for efficient energy production.

Net-Metering Application Procedure in Cyprus

To apply for Net-Metering, one must submit an application to the local energy provider. The process includes:

• Assessment of the technical feasibility of connecting to the grid.
• Selection and approval of the equipment.
• Installation of the system and connection to the grid.
• Signing a contract with the energy provider to activate Net-Metering.
• Net-Metering is an efficient way to reduce electricity costs and decrease dependence on traditional energy sources.