Yes, solar is a good investment for Malta. Given that Malta enjoys around 300 days of sunshine every year, solar panels can generate significant amounts of energy. The government also offers support schemes for those who install photovoltaic systems at their homes or businesses.
In addition, investing in solar energy could lead to significant savings on electricity bills. Despite the initial costs of installation, solar panels have long lifespans and can generate returns over time.
The use of solar power also aligns with Malta’s commitment to reducing carbon emissions and promoting renewable energy. By shifting towards cleaner energy sources, Malta can also reduce its dependence on fossil fuels.
However, it is recommended to conduct a site-specific assessment to understand the potential costs and benefits accurately. Depending on the location, the size of the installed system can greatly influence the viability of the investment.