How many people can afford to invest in solar power in Serbia?

In Serbia, however, says energy efficiency expert Slobodan Jerotic, the question is really how many households can afford to invest €5,000–6,000 in solar power systems. "We are talking at best about 10,000 families, and that would be around 30 megawatts in total, which is not a huge amount," he says.

How much does a 3KW Solar System cost?

A solar panel system with 3 kW of capacity typically costs around $9,000 — or roughly $6,300 after applying the federal investment tax credit, which can recoup up to 30% of your total upfront costs.

Who are the 'prosumers' of solar energy in Serbia?

Her four-person household is one of the first "prosumers" of solar photovoltaic (PV) energy in the country. Prosumers are households that produce and consume electricity from their own solar plants, even if these plants are made up of just a few panels. In Serbia, home-generated energy in excess of a household's needs is sent to the grid.

Does Serbia have a prosumer model?

In Serbia, the prosumer model only became feasible for private households this year. And with changes to the Use of Renewable Energy Sources Law, the state finally created a system that was ostensibly designed to motivate citizens to try their luck with solar power. But the system was flawed.

Can a 3KW Solar System power a home?

(In other words, don’t expect a 3kW solar system to power an average American home’s lights, electronics and appliances.) Most solar energy companies will tell you that 3 kW of power isn't enough to cover all your electricity use, but adding a 3kW solar system to your roof or backyard can still help you lower your utility bills.

How much electricity does a 3KW Solar System produce a month?

Over 30 days, your system would produce about 420 kWh of electricity per month. That’s 420 kWh you don’t have to pay your utility company for. Based on the national average electricity rate of around 14 cents per kilowatt-hour, a 3kW solar energy system could save you an average of about $60 per month on energy bills.