People install solar energy systems for a variety of reasons, including for self sufficiency of energy needs, for the fact that solar energy systems are “cool” and manifest one’s environmental responsibility. But undoubtedly one of the main reasons why people invest in on-grid solar systems is return on investment.
With amazing technological progress achieved in the solar energy field, and thanks to widespread political and financial incentives for solar energy, in many parts of the world, solar power has become one of the cheapest sources of energy, outperforming conventional sources of power including from coal, gas and nuclear generation.
Naturally, investing in solar today makes sound financial sense. Consider investment in property rental market, or even in high performing bonds, with annual returns of between 4% and 8%. Then contrast this with an investment in a solar energy system, which can, under correct conditions, bring about over 30% in annual return!
A 30% annual return? Possible!
Consider this for example. A family living in a large dwelling with annual energy consumption of around 15,000kWh would spend well over €3,100 per year. After investing just over €10K in a 10.1kWp PV system with Virtue Solaris, the family saves an equivalent value in avoided energy bills. That’s a whopping 31% annual return on investment, with a full payback of only 3.2 years!
Do you know of ANY better way to invest your money?
But wait.. the system will continue to generate energy for many years to come. Solar panels offered by Virtue Solaris have an industry-leading power output warranty, which guarantees that even after 25 years of service the panels will continue to generate at least 83.1% of their rated output.
So clients who opt for this system with Virtue Solaris would have fully recovered the value of their investment in the first 3.2 years and then benefit from further annual returns for many, many years to come! This effectively means that over the lifetime of the system, an initial investment would have been turned around into concrete savings, many times over.
Granted, these estimates are based on residential / domestic electricity tariffs. But what about businesses investing in solar?
Commercial solar investments
Consider this example. An investment in a commercial PV system with Virtue Solaris would bring about steady financial return through the FIT scheme, over a 20-year period, as guaranteed by the government. And beyond 20 years, our solar modules would still be covered by performance output warranty! This would give you an amazing guaranteed and SECURE annual return of over 20% over a long period of time! But in reality, the returns would be higher, considering that businesses pay for their own consumption often at the rates that are higher than €0.15 / kWh feed-in tariff.
Most of the residential and commercial solar energy systems offered by Virtue Solaris have a payback period ranging between 3 and 5 years. This means that under the right investment conditions (for example, with the help of a government grant and a special BOV loan available to Virtue Solaris clients), one can have the full costs of the system recouped during, or just shortly after the period of the loan itself! For example, customer opting to take special BOV unsecured loan on his, say, €3,200 investment (including VAT, after government grant) in a typical single phase 4.04kWp system, would be paying a meagre EUR 96 in monthly installments for 36 months*. Meanwhile, the system has a pay back period of only 3 years, which effectively means that the customer would have fully recouped his investment in 36 months! Another way of putting it is that the customer actually got his solar energy system for FREE!
Of course a poorly designed or installed solar power system, or system that uses poor quality components would not generate as much savings and can actually turn out to be dear in terms of replacement costs for faulty components. Virtue Solaris offers its clients only the best products from quality global brands, with some of the best warranty terms. With our systems, return on investment is secure and guaranteed.
* This option may not be available for some of our promotional offers. Terms & conditions apply.