The average cost of  solar systems in Greece

The average cost of a solar system in Greece is €3 per watt. To account for the typical energy usage of the average home in Greece, most homeowners require a 4.2-kilowatt system. Using the per-watt figure above, a solar installation costs about €8,600, or €6,450 after the federal solar tax credit of 25% is applied.

Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of equipment you want to get, your solar contractor, and more. With average savings of about €18,000 on electricity bills over 20 years, many homeowners in Greece find installing solar panels has a decent ROI.

Solar Equipment

When it comes to estimating the cost of a solar energy system in Greece, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by about €2,950 for each additional kilowatt you need. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. In addition, extra products, such as solar batteries, can bring your total well above the Greece average.

Solar Financing Terms

Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Greece homeowners opt to finance their solar panel systems to make paying for solar more affordable. Though solar loans make adopting solar energy more accessible for Greece homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.