Solar panel price trends: 7 Factors explaining current affordability

Good news from the world of renewable energy! Milieu Centraal has calculated that investing in solar panels currently pays for itself in as little as six years. A set of ten panels now costs about €5000, down considerably from €7500 last year.

Let's look at what this means for you and your customers.

1. Lower Cost, More Benefit

The cost for a set of ten solar panels has gone down significantly, increasing the benefit to your customers. This set is now about 5000 euros, whereas last year it was 7500 euros.

2. Fast Payback Period: Six Years!

Thanks to reduced initial investment, the payback period for solar panels has been reduced to just six years. A faster ROI makes solar energy more attractive to homeowners and businesses alike.

Calculation example:

3. Faster Delivery: Enjoying Solar Power Fast

Decreased interest in solar panels has led to improved delivery times. Installers can now deliver within a month, instead of last year's six to nine-month wait.

4. Overcoming Doubts: Addressing Concerns

Mariken Stolk of Milieu Centraal understands that people are hesitant because of changes in net-metering and feed-in taxes. But even with these changes, solar panels still offer a return of 6% per year for 25 years.

5. Customization for Additional Savings.

For those with dynamic energy contracts and electric cars charged at home, the payback period can be even shorter. Smart charging during periods of low or even negative power prices optimizes the financial benefits of solar panels.

6. Community Impact: Managing Overload Risks.

In neighborhoods with many solar panels, there is a risk that on sunny days they will be turned off due to overvoltage on the grid. While this risk varies from household to household, regional grid operators can offer information on potential challenges.

7. Market Developments: A Positive Turn

Declining household interest has created challenges for suppliers and installation companies. But with the optimistic forecasts from Brancheorganisatie Techniek Nederland, we expect a renewed demand for solar panels.

Conclusion: A Sunny Future for Solar Energy

In conclusion, current market trends and positive calculations from Milieu Centraal point to a promising future for the solar panel industry. As installers, you have a crucial role in guiding customers toward sustainable and economical energy solutions.