Does it pay for homes to install rooftop solar panels?
According to Greendays, a minimal storage system that allows for 2-4 hours on average in a house will increase the price of the solar panel system by NIS
When setting up solar panels, the first step is contacting a company that installs solar systems. Today in Israel, there are many companies of this type in the growing market, and it is worthwhile to conduct thorough market research and get recommendations from others who have already been through the process.
While the system can bring a double-digit return on investment for some, for the hundreds of thousands who own apartments in shared buildings, it is not yet profitable. Over the past few years, it has become more and more popular for homeowners in Israel to set up solar panels on their roofs or in their yards — and for good reason.
In order to meet Israel's goal of increasing the production rate of green energy to 30% within a decade, the State is promoting legislation that allows owners of private homes and commercial buildings to set up a solar power plant on the roof.
In general, it should cost between sixty and a hundred thousand shekels to install a solar energy system on a residential home, depending on a number of variables, the main one being the size of the system. In order for the project to be cost-effective, it is recommended to set up solar panels in an area of at least 50 square meters.
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