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Exclusive Content:

German policy encourages balcony solar power production to flourish

This trend has increased recently due to the ease of installation and low cost, as well as government policies that encourage people to generate electricity by installing solar panels on their balconies.Germanyincreasingly popular.

Small solar panels installed on balconies, also known as “balcony power plants” in Germany, cost from 500 euros (about US$539.1). The advantage is that it is easy to install and can be directly plugged into the socket. It is also durable and can be taken with you while on the go. This usually lasts for at least 20 years.

The electricity generated from this type of solar panel can meet up to 20% of a home’s electricity consumption, reducing electricity bills and paying off the cost within a few years. Therefore, people are getting attracted towards it since its launch.

According to data from the German Federal Statistics Office (Destatis) in August last year, there were 300,000 balcony solar power generation devices nationwide, a full 200,000 more than at the end of 2022. The growth rate is quite worrying.

So, the German government followed suit and amended the law late last year so that tenants no longer need tolandlordSolar panels can be installed on balconies with consent, and administrative procedures for registration have been greatly simplified, encouraging people to generate their own electricity.

“Due to the low selling price and policy incentives, balcony power plants are a good deal for most people,” Wolfgang Dallmeyer, an expert at the Bavarian Center for Applied Energy Research (ZAE Bayern), said in an interview with Handelsblatt. The business is really starting to take off now.

The German Solar Energy Association (BSW) also pointed out that there was a “gold rush” in the balcony solar panel market last year and all products were sold out. It is expected that the rise will continue this year also.

finance(tagstotranslate)germany

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