By 2024, the cost of solar energy will decrease significantly, with photovoltaic systems becoming more affordable due to falling prices and improved efficiency, marking an excellent year for investment in both homes and businesses.

By 2024, the solar energy sector reaches a significant milestone with a significant reduction in prices, making it an ideal period for consumers and integrators to invest in photovoltaic systems. Several factors, such as solar irradiation and installation costs, influence the final price of these systems. But, do you know how much solar energy will cost in 2024 in your home or commercial establishment?

The GREENER survey, carried out in March, highlights a decrease of up to 30% in prices for the end consumer compared to the previous year, driven mainly by the drop in the costs of photovoltaic modules. This promising scenario not only makes solar energy more affordable, but also accelerates the return on investment, making it more attractive to a wider audience.

So how much does solar energy cost in 2024?

According to the study of GREENER, carried out in March 2024, the photovoltaic market presents an average drop of 30% in the cost for the end consumer compared to the previous year. Specifically, a 2,58 kWp system had a reduction of 28,6%, falling from R$5,42 per peak watt in 2023 to R$3,87 in 2024. This means that the investment for a system capable of generating 300 kWh per month in Belo Horizonte, for example, would be around R$9.984,60.

In addition to the cost advantage, efficiency and return on investment have improved significantly. The estimated time to payback for 4 kWp residential systems decreased from 4,4 years in 2023 to 3,3 years in 2024, a 25% reduction. This scenario is also driven by the fall in interest rates for financing, making the acquisition of photovoltaic systems even easier.

With this information in hand, 2024 appears to be the ideal year to adopt solar energy, taking advantage of the cost reduction and greater efficiency of photovoltaic systems. Therefore, for both homes and commercial establishments, investing in solar energy is now a smart economic and sustainable decision.

Improvements in photovoltaic system efficiency

In addition to the reduction in system acquisition prices, there are also improvements in the efficiency and technology of photovoltaic components. This results in more compact and powerful systems, capable of generating more energy in smaller areas. For example, while in previous years, a residence might need considerable space on the roof to accommodate the necessary solar panels, in 2024, with technological developments, fewer panels can produce the same amount of energy, optimizing the use of space.

This evolution in the photovoltaic sector not only reduces the initial installation cost, but also contributes to sustainable long-term savings. With return on investment becoming faster due to reduced costs and increased efficiency, homeowners can expect to see significant savings on electricity bills over the years, as well as making a positive contribution to the environment by reducing dependence on non-renewable energy sources.