{"id":553749,"date":"2021-07-02T07:13:07","date_gmt":"2021-07-02T07:13:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/rooftop-solar-panels-why-theyre-good-and-how-much-they-cost\/"},"modified":"2021-07-02T07:13:07","modified_gmt":"2021-07-02T07:13:07","slug":"rooftop-solar-panels-why-theyre-good-and-how-much-they-cost","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/rooftop-solar-panels-why-theyre-good-and-how-much-they-cost\/","title":{"rendered":"Rooftop solar panels: why they\u2019re good and how much they cost."},"content":{"rendered":"

Solar energy use in homes is a sure way to reduce a family\u2019s monthly utility bill<\/strong>, while also helping curb carbon emissions. It can even raise the value of properties, with research<\/a> looking at properties in the US finding that homebuyers are willing to pay extra for a solar-powered home. One study by Lawrence Berkeley National Laboratory<\/a> estimated that the increase in value can be as much as USD 15k for homes running on solar energy.<\/p>\n

Solar is also great for areas with all-year-round sunlight: <\/strong>Besides looking pretty, solar installation can also connect to water storage tanks and be used as a cost-effective way to produce hot water<\/a> for homes. Plus, solar systems don\u2019t need much space as they\u2019re usually installed on rooftops, and are a great backup for notorious summer power outages.<\/p>\n

But those benefits come at a cost: <\/strong>Installing a solar system is a long-term investment that comes with a big-ticket upfront cost. The solar module itself is the most expensive item in an installation, as well as other necessary equipment including inverters to convert the current into energy a house can use and meters to measure output. In the US, the overall cost of a solar system in 2021 ranged from<\/a> USD 11-15k.<\/p>\n

Here at home, a number of high-profile private companies are championing solar installations<\/strong>. Cairo Solar<\/a>, KarmSolar<\/a>, and SolarizEgypt<\/a> have worked on over a dozen solar projects for factories, office buildings, and homes. In Egypt, the internal rate of return (IRR) \u2014 or how much money you get back for every EGP you invest in a solar project, is currently at least 25%, SolarizeEgypt managing director Hatem Tawfik told us last year<\/a>. Families in Egypt can reasonably expect to save EGP 320k in a lifetime by installing solar panels on their homes, while business owners should expect a minimum of 10% savings compared to their current electricity bills, SolarizEgypt estimates.<\/p>\n

Famous solar installations in Egypt include<\/strong>: A photovoltaic (PV) system SolarizEgypt installed in Coca Cola\u2019s Sadat City plant<\/a>, one by KarmSolar installed for Arkan Plaza<\/a> in Sheikh Zayed, and another by Cairo Solar for Defense Ministry-run facilities in Sinai and Mostakbal City<\/a>. Speaking to the local press last year, Cairo Solar\u2019s Tawfik said a 1 MW PV plant, which is enough to power a facility with an area of around 10k sqm, costs between EGP 13-14 mn (watch, runtime: 6:52<\/a>).<\/p>\n

If you\u2019re interested in having a solar system installed in your home, <\/strong>smaller 5 kWh systems can cost as little EGP 65k to install<\/a> over a 40 sqm surface \u2014 and are usually enough for an average household \u2014 while the cost of installing a larger 10 kWh system can reach EGP 140k.<\/p>\n","protected":false},"excerpt":{"rendered":"

Solar energy use in homes is a sure way to reduce a family\u2019s monthly utility bill, while also helping curb carbon emissions. It can even raise the value of properties, with research looking at properties in the US finding that homebuyers are willing to pay extra for a solar-powered home. One study by Lawrence Berkeley […]<\/p>\n","protected":false},"author":1,"featured_media":553750,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9799],"tags":[2604,150,151,2979,368],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-panels","tag-enterpriseyourwealth","tag-renewable-energy","tag-renewables","tag-solar-panels","tag-sustainability","wpautop","entry"],"acf":{"mongo_id":"3832802c-36ea-4d25-b35f-2efd570cbaf2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/15.jpg","photo_position":"above","related_issue":[553743],"teaser":"","voice_url":""},"yoast_head":"\nRooftop solar panels: why they\u2019re good and how much they cost. - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/rooftop-solar-panels-why-theyre-good-and-how-much-they-cost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rooftop solar panels: why they\u2019re good and how much they cost.\" \/>\n<meta property=\"og:description\" content=\"Solar energy use in homes is a sure way to reduce a family\u2019s monthly utility bill, while also helping curb carbon emissions. 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The Solar Energy Development Association (SEDA) has sent a letter to Electricity Minister Mohamed Shaker requesting that the ministry cancel the duty, warning that the new levy will hurt the industry. \u201cEgypt\u2019s\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/78.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571653,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/benha-university-researchers-discover-new-cooling-technique-for-pv-solar-panels\/","url_meta":{"origin":553749,"position":1},"title":"Benha University researchers discover new cooling technique for PV solar panels","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"Scientists at Benha University have discovered a new cooling technique for PV solar panels that allows solar energy to be extracted more efficiently, Afrik21 reports.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568799,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/is-egypt-reviving-a-zombie-solar-panels-factory-project\/","url_meta":{"origin":553749,"position":2},"title":"Is Egypt reviving a zombie solar panels factory project?","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"Is Egypt reviving a USD 2 bn zombie solar panel manufacturing project? A Chinese partner will reportedly be contracted in 1H2020 to build two facilities to produce solar panels with a combined annual capacity of 5 GW in Aswan and Zaafarana, government sources told the press. The sources made no\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551106,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/could-we-soon-be-seeing-solar-power-generation-at-night\/","url_meta":{"origin":553749,"position":3},"title":"Could we soon be seeing solar power generation at night","author":"enterpriseam admin","date":"25 May 2022","format":false,"excerpt":"Could we soon be seeing solar power generation at night? A recent breakthrough(pdf) by a team of researchers at the University of New South Wales (UNSW) could pave the way to a new form of energy generation that uses heat emitted from the Earth\u2019s surface. Using a similar process to\u2026","rel":"","context":"In "WHAT\u2019S NEXT"","block_context":{"text":"WHAT\u2019S NEXT","link":"https:\/\/enterpriseam.com\/egypt\/category\/whats-next-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/532.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564890,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/04\/planet-money-dives-into-renewable-energy-storage\/","url_meta":{"origin":553749,"position":4},"title":"Planet Money dives into renewable energy storage","author":"enterpriseam admin","date":"4 March 2021","format":false,"excerpt":"What good is solar energy if we can\u2019t store it? Solar energy storage remains a sticking point that has long stood in the way of a transition to a fully solar-powered economy. Traditional lithium-ion batteries are still either too small or too costly to store all the power generated by\u2026","rel":"","context":"In "Worth Listening"","block_context":{"text":"Worth Listening","link":"https:\/\/enterpriseam.com\/egypt\/category\/worth-listening\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/413.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576872,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/oc-breaks-ground-on-ras-ghareb-wind-farm-suez-cement-adds-more-solar-to-its-energy-mix\/","url_meta":{"origin":553749,"position":5},"title":"OC breaks ground on Ras Ghareb wind farm + Suez Cement adds more solar to its energy mix","author":"enterpriseam admin","date":"1 November 2022","format":false,"excerpt":"We have two stories this morning from Egypt\u2019s renewable energy sector after the Orascom-Engie-Toyota Tsusho consortium broke ground on its 500-MW wind farm in Ras Ghareb, while Suez Cement announced an agreement to install a solar facility at its Suez plant.CONSTRUCTION ON RAS GHAREB WIND FARM UNDER WAY-Orascom Construction, Toyota\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/42.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=553749"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553749\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/wealth\/553743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/553750"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=553749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=553749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=553749"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=553749"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=553749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}