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How much does solar energy cost? everything you need to know

When we talk about "how much does solar energy cost"The first thing that comes to mind is usually the installation price. However, focusing only on this initial figure is a limited view. The true cost of a solar energy system involves much more: from the savings it provides in the long term, through the environmental benefits, to the appreciation in value of the property where it is installed. 

You have to go beyond the obvious and consider the whole picture, analyzing the initial investment, the financial return over time and the positive impacts that often go unnoticed. 

In this article, we will dismantle the myth that solar energy is unaffordable and show all the dimensions of this cost, highlighting how it can be a smart and advantageous choice from various perspectives.

Components that influence the cost of solar energy

When it comes to understanding the cost of installing a solar energy system, it is essential to look at the components that influence this figure. Learn about the main items that make up the total expense:

  • Photovoltaic modules: also known as solar panels, are the heart of the solar system. There are different types and brands, and the choice between them can significantly affect the cost. More efficient panels may have a higher price tag, but they can offer greater energy production over time.
  • Inverters: Inverters are responsible for converting the energy generated by solar panels into usable electricity for your home or business. The quality and capacity of the inverter also have an impact on the cost. More advanced inverters may cost more, but they guarantee greater efficiency.
  • Support structure: supports are essential for attaching solar panels to roofs or flat surfaces. The type of structure - whether fixed or adjustable - and the materials used can vary greatly in price, influencing the final cost of the system.
  • Cabling and connectors: cabling connects all the components of the photovoltaic system and needs to be sized correctly to avoid energy losses and ensure safety. High-quality connectors are indispensable for reliable system performance.
  • Junction boxes and string boxes: junction boxes and string boxes house electrical components, such as circuit breakers and fuses, which protect the system against overloads and short circuits. The quality and suitability of these components for the system are fundamental to ensuring safety and efficiency.
  • Labor: installation requires qualified professionals to ensure that everything works correctly and safely. The cost of labor can vary depending on the complexity of the installation and the region you are in.

Each of these components plays a crucial role in the total cost of installing a solar system. Opting for a photovoltaic kit quality and carrying out careful research into suppliers and installers can result in significant savings in the long term. 

Invisible savings: reducing operating costs with solar energy

When thinking about solar energy, many people focus only on reducing their electricity bill. However, this technology also helps to eliminate several "hidden" costs that directly impact the budget. One of the most notable benefits is the reduction in equipment maintenance costs. 

Solar systems offer a more stable and reliable energy source, which means that electronic devices are less susceptible to energy peaks and failures, increasing their durability. This is especially important in companies, where operational continuity is crucial.

In addition to saving on monthly bills, installing solar energy can also increase the value of the property. Properties equipped with renewable energy systems tend to be more attractive on the real estate market, increasing their resale value. This phenomenon is a reflection of the growing interest in sustainable solutions and the long-term savings that solar energy provides.

Another point to consider is the savings in indirect costs, such as the reduction in air conditioning expenses. A solar energy system can power more efficient air conditioning systems, resulting in lower energy costs in hot climates.

Incentives and financing: how to reduce start-up costs

Although the initial cost of installing solar energy may seem high, there are various tax incentives and financing programs that make this investment much more affordable. The main ones include:

  • ICMS exemptions: in many states, energy generated from renewable sources, such as solar, can be exempt from the Tax on Circulation of Goods and Services (ICMS), reducing the total cost of the system.
  • Discounts on IPTU: some city halls offer discounts on the Urban Property Tax (IPTU) for properties that adopt solar energy, resulting in significant savings over time.
  • Specific credit lines: there are special financing conditions for the installation of renewable energy systems, which can have lower interest rates and longer terms, making payment easier.

A notable alternative is BYD's financing in partnership with the Santanderwhich offers attractive conditions for those wishing to adopt solar energy. 

Get a personalized quote with BYD!

In short, the cost of solar energy can vary significantly, as it is shaped by a number of specific factors, such as the location of the property, the size of the system required, the condition of the roof, among others. This customization allows each project to meet the needs and consumption profile of each client, ensuring that the solution is truly effective.

However, even with these variables, it is possible to get a personalized quote for your solar energy installation. A BYD stands out as a benchmark in clean and affordable energy, offering solutions that adapt to your context, boosting your savings and contributing to a more sustainable future.

If you're ready to take the next step and discover how solar energy can transform your life. Contact BYD today!

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