Why We Recommend: Photovoltaics
Why We Recommend: Photovoltaics
- Property Management
- February 1, 2023
Photovoltaic panels on Villa 2 generated over €2,000 of electricity between August – December 2022.
Photovoltaics: good for the environment
Photovoltaics: good for the environment, good for your bills
With energy prices rising exponentially it is more beneficial than ever to consider sustainable energy sources alongside traditional methods of energy production. It is dismissive for us not to consider our carbon footprint in the world nowadays too – we are all well educated in the positive impact that renewable energy has on the environment, and in a country like Cyprus that benefits from around 300 days a year of sunshine, photovoltaics are not only an option, but an obvious and responsible choice.
How do photovoltaics work?
“Here comes the science bit”: When the sun light energy strikes a solar cell, the energy is absorbed by the photovoltaic cells in the panel and electrons are knocked loose from the atoms in the semiconductor material. The electrical conductors are attached to the positive and negative sides which forms an electrical circuit and these electrons are captured in the form of an electric current, and the energy creates electrical charges that move in response to this internal electrical field in the cell – causing electricity to flow.
What is the difference between photovoltaic panels and solar panels?
Quite simply, photovoltaic panels produce electricity, while solar thermal systems produce heat. Photovoltaics is the conversion of light into electricity whilst solar panels convert solar radiation into heat. Solar panels are the ideal way to produce hot water, as this can be stored for later use which is really energy efficient – most solar thermal systems have hot water storage tanks that store heated water until needed. We highly recommend making use of both systems.
Is the investment in photovoltaic panels worthwhile?
Solar installations have risen by around 45% in the UK last three years, as home owners start to realise the return on their investments into renewable energy. The initial cost of installation may be high, but solar panels can cut up to 90% off energy bills, so the return is quickly evened out and the long term savings are a no-brainer. Read some more UK-based statistics for a general opinion piece on expertreviews.co.uk. If the UK see the benefits of investing in solar energy, then you can imagine how much more efficient the panels are in sunny Cyprus.
Moreover, there is a Solar Government Incentive in place in Cyprus that has been in place for 10 years, and according to a recent Stockwatch article (January 2023) the Government inted to continue and enhance the programme that was originally set to finish at the end of 2022. This grant scheme is for the thermal insulation of roofs and installation of photovoltaic systems – a subsidy of funds to assist home owners with installation costs, as part of the ‘Cyprus-Tomorrow’ Recovery and Sustainability Plan. There is also net metering in place in Cyprus which translates to money ‘back’ for excess energy produced that goes back into the Utility Grid – read more.
Solar photovoltaic panels can also increase the value of your property, and very importantly, the investment in the planet is more than worthwhile.
If you would like to learn more about installation costs and logistics for you Aphrodite Hills property then please don’t hesitate to Get In Touch.
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