Łukasz:
How Much We Save with Solar Panels in Cyprus
☀️ How much we save with solar panels in Cyprus
Over a year after building our house, we decided to install photovoltaic panels. The main reason was high electricity bills - in 2022, we paid over 2,200 euros for electricity. We were advised to simply observe our consumption for the first year so we could later properly size the installation.
The formalities with the energy provider took some time, but ultimately we launched the system without problems. Since then, the solar panels have been working flawlessly, and every month we see the results in our wallet.
⚡ Our installation
| Parameter | Value |
|---|---|
| Installation capacity | 5.33 kWp |
| Installation cost | approx. 7,750 EUR |
| Year launched | 2022 |
| Billing system | Net metering (feeding and drawing from the grid) |
| Annual production (2024) | 8.61 MWh |
📊 Energy production in 2024
Below is the data from the monitoring app - monthly energy generated (in kWh):
| Month | Production (kWh) |
|---|---|
| January | 400.01 |
| February | 547.77 |
| March | 817.45 |
| April | 822.63 |
| May | 978.38 |
| June | 949.77 |
| July | 919.15 |
| August | 867.73 |
| September | 731.73 |
| October | 711.62 |
| November | 492.15 |
| December | 371.55 |
| Total | 8,609.94 kWh |
The most energy is produced in May-July, the least in winter. Even in December, with shorter days, the panels generate about 370 kWh, which in practice covers a good portion of current demand.
💰 Savings on bills
After installing solar panels, our bills dropped from over 2,200 euros annually to 218.39 euros in 2024. That’s savings of over 90%.
Electricity billing happens every two months. Most bills are 20-30 euros, and once a year - at the beginning of the year - a slightly higher one comes in, around 100 euros.
Considering current energy prices, a 5.33 kWp installation pays for itself in about 4-4.5 years. From that point on, every year is pure profit and independence from rising electricity prices.
🧭 Is it worth it in Cyprus?
Definitely yes. Cyprus has over 300 sunny days per year, so solar panels work at practically full capacity all the time. It’s one of the reasons climate has such a strong impact on construction on the island. You don’t need to understand the technical details - after installation, the system runs automatically, and you can track energy production in the app.
For us, over 3 years there have been no breakdowns or interruptions. The system runs stably and requires practically no maintenance.
🏁 Would I do it again?
Without hesitation. Solar panels are one of the best investments we made when building our house. Bills dropped by over 90%, the system paid for itself in about 4 years, and the house is more energy-independent.
With so many sunny days per year, this is a solution that simply pays off.