Investing in solar panels for my house | GR Estates
14/09/2023

Solar panels on the Costa del Sol

On the beautiful Costa del Sol, where the sun shines for 300 days a year, escalating energy prices, inflation and interest rate variations have led many families to consider installing self-supply systems such as solar panels on their homes. Government incentives and regulatory changes have driven the transition to more sustainable energy in this sunny region of Spain.

According to Samara Energía, solar panels can save up to 70 per cent on a family's electricity bill, as well as protect against market fluctuations. In 2021, self-consumption installations reached 1,203 megawatts of new capacity, an impressive 101.8% increase compared to 2020, according to the Spanish Photovoltaic Union. More than one million households on the Costa del Sol are expected to adopt solar energy systems in the next three years. However, many people still have unanswered questions before taking the plunge into this beneficial investment and GR Estates will answer some of them below.

How many solar panels do you need on the Costa del Sol?

 Solar panels

One of the first questions to answer is how many solar panels will be needed for your home on the Costa del Sol. This requires a precise knowledge of your family's energy consumption profile. It is important to consider your annual electricity consumption, which will allow you to calculate the amount of energy the installation must generate to meet your needs. In this region, the average consumption for a single-family home is 6,000 kWh per year, but a more accurate way to determine this is to review your electricity bill.

In addition, you should consider how your consumption is distributed during the day and throughout the year, taking into account the particularities of the climate. The more closely the power generation of your installation matches your consumption profile in this sunny region, the higher the self-consumption will be. Generally, electricity consumption tends to be higher during the day than at night. Peak solar power generation on the Costa del Sol tends to occur at midday, so if there is a large disparity between your daytime and nighttime consumption, you should consider including energy storage systems in your installation to maintain a high level of self-consumption.

A Smart Investment for my home

Investing in solar energy in southern Spain is a smart choice. On average, a single family home in this region will invest between 5,000 and 8,000 euros in a new solar panel installation. Despite the initial investment, the savings on electricity bills are immediate in this sunny region of Spain. It usually takes between four and seven years to recoup the investment, an attractive figure considering that the lifespan of solar panels is almost four times longer.

However, to optimise solar power generation on the Costa del Sol, you need to consider the geographical location of your home, which can influence the generating capacity of the panels, and the type of solar panel you choose, as each has a different efficiency. In addition, the orientation and inclination of the roof and panels will also affect the way solar radiation hits the panel.

On the Costa del Sol, where the sun is an abundant and valuable resource, make the most of solar energy in your home. Make informed and cost-effective decisions in this sunny region of Spain.

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The GR Estates Team

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