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In 2024, the Brazilian solar energy market will witness a significant reduction in the costs of photovoltaic kits, which has resulted in a decrease in the time needed to recover the initial investment (payback). This change makes solar energy more accessible and affordable for consumers, driving its adoption across the country.
After facing initial challenges in 2023 due to the implementation of Law 14.300, the solar energy sector in Brazil celebrates a significant turnaround this year. An average reduction of 34% in the prices of photovoltaic kits is revealed, resulting in savings of 28% compared to January 2023. This price adjustment transforms solar energy into an even more viable and attractive option for Brazilians.
The term “payback”, fundamental in the context of investments in solar energy, reflects the period necessary for an investment to pay for itself through the savings generated. With the recent drop in prices, this period is now significantly shorter, an evolution that could revolutionize the distributed generation (DG) market in the country.
This is the best time to invest in solar energy
Particularly notable is the improvement in payback scenarios in the different regions of Brazil. For states with less favorable conditions, the payback time reduced from 6,8 to 5,1 years. In states with more favorable conditions, the reduction was even more impressive, from 3,5 to just 2,6 years. These changes are promising for the continued and sustainable expansion of solar energy, especially when considering energy inflation and other economic variables that affect the final cost for consumers.
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To assist in the analysis and calculation of payback, the Azume sales automation tool It has been widely adopted by integrators throughout Brazil, proving essential to simplify the transition to solar energy. This feature allows professionals and consumers to make accurate projections and adjust their investments according to market fluctuations and regional specificities.
The drop in the price of photovoltaic kits and the reduction in payback time in 2024 consolidate solar energy as one of the most promising and economically viable energy alternatives in Brazil. This is, without a doubt, the best time to invest in solar energy, not only for the savings generated, but also for its environmental benefit and long-term sustainability.
Technology and innovation in photovoltaic kits
The significant reduction in the prices of photovoltaic kits, which fell by 34% on average, can be attributed to technological innovations that increased the efficiency of solar panels and reduced production costs. Improvements in photovoltaic cell technology, such as the use of more efficient materials and advanced manufacturing techniques, have allowed manufacturers to offer higher quality products at more competitive prices.
Furthermore, as the demand for solar energy grows, the scale of production also increases, which naturally leads to a reduction in unit costs. These innovations not only make solar energy systems more accessible to end consumers, but they also increase the return on investment in a shorter term, making energy that comes for free from the sun an even more attractive option in economic and environmental terms.
And what are the prices of photovoltaic kits?
Prices for residential photovoltaic solar energy kits vary according to capacity and voltage, and are available in 110V or 220V. According to information from Portal Solar updated in March 2024, the costs for residential kits, excluding installation, are as follows:
Residential Solar Energy Kit 2 kWp: R$ 7.740,00
4 kWp kit: R$ 12.680,00
8 kWp kit: R$ 21.360,00
12 kWp kit: R$ 30.480,00
The residential solar energy kit includes photovoltaic panels, a grid-tie solar inverter, fixing structure, special cabling for direct current and special connectors, covering all the elements necessary to capture and convert solar energy into electricity usable at home.
