Are solar panels profitable? It's not true what they tell you

Solar panels, also called photovoltaics, are one of the most widely used renewable energies in the world. This data is not surprising since this clean energy is very efficient. In addition, the price of photovoltaic panels is getting cheaper very quickly. That is when we ask ourselves: is it really profitable to have solar panels for our use?

Why are they such a good option?

Are solar panels profitable

The protection of the planet and renewable energies have more and more prominence in our lives. Who more than less and, especially at this time with the electricity bill on the rise, has thought at some point that the energy transition will have to be done sooner than we thought also in our homes.

And there, there are many who have either already addressed or plan to do so in favor of solar panels. The reason is none other than because they have become a wild card due to their great versatility of uses, both for industry and for homes, and as an alternative energy that helps reduce the carbon footprint.

Now, what about its profitability ? Do we really earn as much as is said? Or put another way: Are they really a solution with which we will notice it in our pocket? The truth is that there are questions that focus on it, but we do not always have the correct answer or, at least, the one we need.

What do we need to know

To carry out this process, it is done through two simple installations: solar installations of photovoltaic panels (better known as solar panels or plates) and thermal installations. Both are different and are made up of different teams.

Thus, photovoltaic technology is perfect for getting started in self-consumption of electricity and being able to forget about the electricity bill and its high costs. Thus, there are increasingly cheaper photovoltaic kits that are intended to help us save a lot of energy each month. So the question is: what profitability is there with them?

The first important condition is to own a single-family home . It is true that according to Spanish legislation, solar panels are allowed in collective housing, but the requirements are more complicated, since it is necessary to distribute the energy generated and not all homes have the same energy needs.

Qué saber rentabilidad paneles solares

So, what we have to take into account is that, during the useful life of the solar installation, sometimes, some maintenance costs will have to be faced; however, these are usually caused by severe weather conditions or the wear of certain parts after the warranty is exhausted, so they are not excessive and are occasional in nature.

They will result in savings of up to 60% on the bill

Because in the past it was unthinkable to invest in photovoltaic solar panels due to their high costs. But thanks to technological advances, today they are much cheaper and therefore the implementation of solar installations in our homes is profitable . It is an even more expensive investment than other types of systems, but it can be recovered in the medium term .

Solar panels produce free and unlimited energy, regardless of price variations, thus reducing energy bill expenses, while at the same time taking us to their tax advantage . The State encourages the installation of these plates by granting subsidies and favorable taxation for those who decide to install them.

As such, the cost depends on several factors, but to get an idea, the price of the installation in a single-family house is around 10,000 euros all inclusive, as the Selectra portal explains. The companies in the sector agree that the more panels are installed, the price per unit is reduced proportionally.

The profitability we are talking about is based on the fact that installing solar panels on the roof of a house will result in savings of up to 60% in the monthly bill we pay for electricity. In those, they are an investment that can be amortized in the first 7 to 10 years , although it will depend on the type and size of the installation. The plates, meanwhile, have a life time of 25 to 30 years.