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Red flag increases the price of electricity and accelerates the return on investment in solar energy by up to 9%, according to a study by Solfácil.
The increase in electricity rates driven by the red flag makes solar energy an even more attractive option for consumers looking to reduce their spending. A study by Solfácil reveals that this scenario can reduce the time needed to recover the initial investment in solar energy by up to 9%. As electricity costs continue to rise throughout Brazil, the transition to alternative sources is proving increasingly advantageous, with several states ranking at the top of the ranking for rapid savings.
The adoption of systems based on Photovoltaics gains prominence in this context. The search for alternatives clean energy not only generates savings, but also contributes to sustainability. The reduction in electricity costs, combined with environmental incentives, reinforces the motivation for more consumers to adopt solar systems in their homes and businesses. This movement, in addition to promoting savings, supports global efforts for a greener and more efficient future.
Financial Benefits of Solar Energy in Brazil
Throughout Brazil, consumers who have already adopted solar energy in their homes or who have plans to install it experience a significant financial advantage. Recently, the time needed for the investment initial 'pay for yourself' solar energy reduced by 5% in Brazil in general, with state variations reaching up to 9%, which represents a gain of three months of extra savings, as revealed by an unprecedented study by Solfácil. This is the largest solar energy ecosystem in Latin America, offering several solutions to its customers.
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With the rise in energy costs, families who rely on solar energy at home are experiencing greater savings on their electricity bills, allowing the amount spent on installing the solar system to be recovered more quickly. This return on investment is linked to the energy consumption of the specific home and also to the rates stipulated in each state. At the top of the ranking for reductions in payback time are Roraima, Paraíba and Acre. Before the Red flag, the installation of solar energy under the green flag guaranteed the recovery of the investment in approximately 3 years. With more expensive tariffs, this period fell to 2,75 years, translating into a saving of 3 months for consumers. In the case of states such as São Paulo, Goiás and Bahia, the reducing reached the 2 month mark.
Analysis of Solar Energy Data
The data used in the research were obtained from public information provided by each distributor and the calculation regarding the return on investment was based on the 'Solfácil Radar' study, an analysis that measures solar energy prices in Brazil. For this evaluation, a energy bill with a value of R$ 300,00 and the cost of kWh from the energy concessionaire that serves the largest contingent of consumers in each state, according to data extracted from ANEEL and the distributors themselves. Solar energy is seen as the most Management to escape the fluctuations of electricity rates, offering predictability in energy costs to the consumer. Investing in solar energy protects against these variations and allows for self-generation of energy for a minimum period of 25 years, generating significant savings, as explained by Fabio Carrara, CEO and founder of Solfácil.
The study data reflects the decreasing time to return on investment in solar energy in different states, varying as local tariffs increase.
Summary of Investment Recovery Reduction Ranking
1st- Paraiba (PB) – Payback Time – Green Flag: 2,75 years – Payback Time – Red Flag: 2,50 years – % Reduction in Payback Time: 9% – Years in advance: 0,25 years (3 months)
2nd- Roraima (RR) – Payback Time – Green Flag: 2,92 years – Payback Time – Red Flag: 2,67 years – % Reduction in Payback Time: 9% – Years in advance: 0,25 years (3 months)
3rd- Acre (AC), Bahia (BA), Mato Grosso (MT), Maranhao (MA) – Payback Time – Green Flag: 2,17 to 3,00 years – Payback Time – Red Flag: 2,00 to 2,75 years – % Reduction in Payback Time: 8% – Years in advance: 0,17 years (2 months)
4th- Ceara (CE), Mato Grosso do Sul (MS), Espirito Santo (ES), Goiás (GO), Pernambuco (PE) – Payback Time – Green Flag: 2,33 to 2,58 years – Payback Time – Red Flag: 2,17 to 2,75 years – % Reduction in Payback Time: 7% – Years in advance: 0,17 years (2 months)
Impacts of Tariffs and Solar Energy
5th- Alagoas (AL), Federal District (DF), Sao Paulo (SP), Sergipe (SE) – Payback Time – Green Flag: 1,92 to 3,25 years – Payback Time – Red Flag: 1,83 to 3,08 years – % Reduction in Payback Time: 4% to 6% – Years in advance: 0,08 to 0,17 years (1 to 2 months)
6th- Rio Grande do Norte (RN), Rio Grande do Norte (RN) – Payback Time – Green Flag: 2,17 to 2,25 years – Payback Time – Red Flag: 2,25 years – % Reduction in Payback Time: 0% – Years in advance. With water shortages, the red flag is expected to remain in place for several months, leading to continued higher electricity bills. However, the expansion of photovoltaic solar energy constitutes a sustainable solution. Investing in solar energy has proven to be increasingly beneficial and viable for Brazilians, bringing not only a reduction in energy costs, but also an important role in the composition of a cleaner energy matrix, helping Brazil achieve its environmental goals.
Financing Facilities for Solar Energy
More accessible financing and government incentives make solar energy a key solution to the national energy crisis. For those who have already adopted this technology, the coming months promise significant savings, while for those who are still undecided, the current moment is exceptionally favorable, says the executive. The potential reintroduction of DST could bring even more advantages to consumers who want to invest in solar energy. With longer days and greater incidence of sunlight during peak hours, there is extra potential for harnessing the energy generated.
This means that solar energy systems will have improved performance, resulting in more robust savings on electricity bills and accelerating the return on investment for those who adopt this assertive choice. The growth of distributed generation in Brazil would gain notable momentum.
About Solfácil and Solar Energy
Solfácil stands out as the largest ecosystem of solar solutions in Latin America. Founded in 2018, the company facilitates the connection between integrating partners and consumers interested in generating energy through clean, renewable sources that are accessible to all. In addition to financing, Solfácil also offers the distribution of solar equipment, systems for monitoring the energy generated, insurance and programs that increase the profits of its integrators. With significant investments from funds such as QED Investors, SoftBank Group, Valor and the World Bank (IFC), Solfácil has already raised over R$800 million in three rounds of capital. Its operations throughout the country have already prevented the emission of more than 88,6 thousand tons of CO2, equivalent to the work of more than 354 thousand trees over a 20-year horizon.
Source: SOLFACIL Press
