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Are solar panels a good investment in France?

As electricity prices continue to soar in France - up 60% in four years - more people are turning towards solar panel kits, which promise to help users save on energy costs and installation prices. The estimated extra cost of electricity in 2024, compared to 2020, is €540 per household per year.

Should you install solar panels on your French property?

The installation of solar panels on your French property is a tempting proposition for many owners, but the rewards are long-term, and it is not without risk. Thermal or Photovoltaic Solar Panels? At the outset it is important to define the term ‘solar panel’ as there are two types of panels, which are frequently confused with one another.

How much does it cost to install solar panels in France?

However, as a rule of thumb, the French energy management agency 'ADEME' considers the cost to be €3,000 to €4,500 per kilowatt of power created. As most domestic installations generate around 3k/W of power, this means the cost of the panels themselves is €9,000 to €13,000. For 6 k/W of power expect to pay €16,000 to €19,000

Are there tax credits for solar panels in France?

Since 1st January 2014 there are no longer any tax credits available for the installation of photovoltaic solar panels Nevertheless, in France, as in many other countries, there are incentives in place for property owners to sell electricity back into the grid at preferential prices.

Are there grants for solar panels in France?

There are also grants available for energy conservation (but not photovoltaic solar panels) as part of the home improvement grant regime ‘MaPrimeRénov’ run by Anah, the housing renewal agency, but these are means-tested. How much does it Cost to install Solar Panels in France?

Which company has the biggest solar portfolio in France?

ENGIE has the biggest solar portfolio in France (more than 5% of the French photovoltaic installations in peak power) and has a comprehensive offer on all market segments, from residential to public and private development of utility scale ground-based systems.