According to the latest Subsidy Scheme for the Encouragement of use of Renewable Energy and Energy Saving for 2021 all households and commercial consumers are eligible for installing a Photovoltaic (PV) system up to 10kWp under the Net-Metering Scheme.
A Net Metering PV system consists of the following main components:
- PV Modules
- Inverter
- Support structure
- Electrical components
Installing a Net-Metering PV system offers the consumer the following benefits:
The electricity produced by the PV system can be either consumed directly by the user or exported back to the Grid. The exported energy is subtracted in the form of kWh at the end of the billing period (monthly or bi-monthly according to the user’s billing period). In the case that the exported energy is greater than the consumed energy during the billing period, the excess energy is then credited to the next billing period. The units can be carried over up to the last billing day which occurs either February or March (again according to the user’s billing period). Any excess units after that date are lost and not carried over.
Currently the procedure for installing a PV system is as follows:
- EAC Application for installing a Net-Metering PV system
- Approval of Application & signing of Connection terms and EAC Contract
- Installation of PV system
- Inspection of PV system by EAC
- Installation by EAC of bi-directional electricity meter
- Activation of PV system
Typical time required from application to system activation is around 2 months. Since March 2020, no fees can be imposed on the energy produced by the PV system. However, Grid usage and other consumption fees1 are imposed on the total imported energy from the Grid before the subtraction of the exported energy. The table below provides an insight on the expected savings depending on the percentage of self-consumption of the produced energy:
| System Size (kW) | Annual Output (kWh) | 100% | 70% | 30% | 0% |
| 3 | 4800 | €864 | €806 | €729 | €672 |
| 5 | 8000 | €1440 | €1344 | €1216 | €1120 |
| 7 | 11200 | €2016 | €1882 | €1702 | €1568 |
| 10 | 16000 | €2880 | €2688 | €2432 | €2240 |
*Above based on €0.18/kWh including taxes and annual production of 1600kWh/kWp. Actual numbers may differ according to current electricity prices and energy production.
Do not hesitate to contact us for a free consultation and start saving today!
Imported energy is subject to the following fees:
- Network (Grid) Usage fees
- Ancillary Services
- Pubilc Service Obligations (PSO)
According to the latest Subsidy Scheme for the Encouragement of use of Renewable Energy and Energy Saving for 2021 all households and commercial consumers are eligible for installing a Photovoltaic (PV) system up to 10kWp under the Net-Metering Scheme.
A Net Metering PV system consists of the following main components:
- PV Modules
- Inverter
- Support structure
- Electrical components
Installing a Net-Metering PV system offers the consumer the following benefits:
The electricity produced by the PV system can be either consumed directly by the user or exported back to the Grid. The exported energy is subtracted in the form of kWh at the end of the billing period (monthly or bi-monthly according to the user’s billing period). In the case that the exported energy is greater than the consumed energy during the billing period, the excess energy is then credited to the next billing period. The units can be carried over up to the last billing day which occurs either February or March (again according to the user’s billing period). Any excess units after that date are lost and not carried over.
Currently the procedure for installing a PV system is as follows:
- EAC Application for installing a Net-Metering PV system
- Approval of Application & signing of Connection terms and EAC Contract
- Installation of PV system
- Inspection of PV system by EAC
- Installation by EAC of bi-directional electricity meter
- Activation of PV system
Typical time required from application to system activation is around 2 months. Since March 2020, no fees can be imposed on the energy produced by the PV system. However, Grid usage and other consumption fees1 are imposed on the total imported energy from the Grid before the subtraction of the exported energy. The table below provides an insight on the expected savings depending on the percentage of self-consumption of the produced energy:
| System Size (kW) | Annual Output (kWh) | 100% | 70% | 30% | 0% |
| 3 | 4800 | €864 | €806 | €729 | €672 |
| 5 | 8000 | €1440 | €1344 | €1216 | €1120 |
| 7 | 11200 | €2016 | €1882 | €1702 | €1568 |
| 10 | 16000 | €2880 | €2688 | €2432 | €2240 |
*Above based on €0.18/kWh including taxes and annual production of 1600kWh/kWp. Actual numbers may differ according to current electricity prices and energy production.
Do not hesitate to contact us for a free consultation and start saving today!
Imported energy is subject to the following fees:
- Network (Grid) Usage fees
- Ancillary Services
- Pubilc Service Obligations (PSO)