New framework for photovoltaics replaces net metering with net billing in Greece

TornosNews.gr 22.09.2024 | 23:41
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New framework for photovoltaics replaces net metering with net billing in GreeceIn both cases, the benefit is greatest when large amounts of power are consumed and there is sufficient income for the lower taxation rate to make a big difference

Replacement of the now-abolished net metering system by net billing means that domestic consumers will recover the cost of installing a photovoltaic system within five to seven years, while businesses will recover the investment in 3.6-4.5 years, according to an analysis by the Photovoltaic Companies Association, ANA reports.
The association released a detailed guide on the new legal framework and the steps that need to be taken by those interested in producing energy for their consumption. It takes into account the indicative cost of installing a domestic photovoltaic system, with or without batteries (16,000 euros or 8,500 euros, respectively) and the benefits that accrue from avoiding purchases of electricity during the hours the system generates power and from the tax relief introduced for installing such systems and improving buildings.

RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Rodsburgh

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