How much do solar panels cost in Spain?

For installations of less than 10 kWp, the most common for homes, the amount can reach up to €600 per kWp. If you add a battery, you get a subsidy of €490 per kWh. Income Tax Deduction (IRPF). For the installation of solar panels in Spain, a discount of 20% to 60% can be obtained. This percentage varies depending on the autonomous communities.

Why are solar panels so popular in Spain?

Understanding the Costs Involved A 2019 study by the Spanish Observatory of Photovoltaic Self-Consumption found that solar panel usage in homes in Spain will grow 30 times by 2022, because they are an increasingly attractive and affordable way to power your home.

How much will Spain spend on solar panels in 2021?

As you may already know, the Spanish government has approved an aid package for solar panel grants, setting aside up to 1,320 million euros in 2021 (Royal Decree 477/202). This plan consists of a nationwide distribution of investment to promote self-consumption, storage, and air conditioning installations with renewable energies.

How much solar power does Spain have?

In 2010, Spain maintained approximately 10 percent of global installed capacity share. About 10 percent of the country’s energy comes from solar power, two percent higher than the average for most countries.

Should you install solar panels in Spain?

If you’re reading this, it’s very likely that you live in Spain or have a second home there. And you are looking for installing solar panels to save on your electricity bill. You want to forget the volatility of prices, and that’s understandable.

Are solar installations taxed in Spain?

Since then the situation has in fact got worse for those relying on solar energy in Spain. In 2015 the Spanish government approved a new national law on self-consumption of energy that taxes solar installations, often called the sun tax. This includes self-consumption installations that just produce for their own use and don’t feed into the grid.