To Lower Increasing Electricity Bills, Consumers Invest in Financing Solar Panel Purchases, With Up to 96 Months to Pay

Written by Roberta Souza

Published on 23/11/2021 at 13:57

Updated on 23/11/2021 at 22:01

Foto: reprodução

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Solar Energy Generation And Solar Panel Financing Are Lower Compared To Electricity Expenses

Brazilian consumers are seeking alternatives to save on their electricity bills. As an alternative, investments in solar energy have become a solution, especially when it comes to financing installations (over 50% of solar panel installations in Brazil are financed).

Financing For Up To 96 Months

According to Tiago, investments in photovoltaic solar energy offered in the market by Entec Solar can be paid for in up to 96 months. On average, sales are made for payment over five years. “That is, after this period, the consumer no longer has to worry about electricity bill adjustments or financing interest,” says Tiago.

More than 50% of investments in solar panel installation and solar power generation in Brazil are financed, according to the “Strategic Study – Distributed Generation: Photovoltaic Market” by Greener, an advisory company in the solar energy sector. It is a mechanism widely used by consumers – a group that accounts for almost three-quarters (74%) of solar panel financing.

Solar Energy And The Payback

Another research shows that the investment that pays off is called “payback,” which is the time it takes for the initial resources spent to be recouped, the return on investment from solar panels. The manager of Entec Solar mentions an investment with a return of R$ 420,000. Every year, with the cuts in electricity bill expenses, this accumulated value is deducted. After four years, with the desired savings, the invested resources can be recovered.

Another factor that drives consumers to adopt solar energy is sustainability. “For both residences and commercial establishments, it is indeed a significant investment. However, with financing options, the ‘payback’, and especially in this context of water crisis that has increased energy costs in Brazil, it is an investment with financial returns, not to mention the importance of environmental sustainability,” emphasizes the director of Entec Solar.

To Lower Increasing Electricity Bills, Consumers Invest in Financing Solar Panel Purchases, With Up to 96 Months to Pay

Solar Energy Generation And Solar Panel Financing Are Lower Compared To Electricity Expenses

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Financing For Up To 96 Months

Solar Energy And The Payback

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To Lower Increasing Electricity Bills, Consumers Invest in Financing Solar Panel Purchases, With Up to 96 Months to Pay

Solar Energy Generation And Solar Panel Financing Are Lower Compared To Electricity Expenses

See Also:

Financing For Up To 96 Months

Solar Energy And The Payback

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Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

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