The long awaited Domestic Net Metering scheme is here at last. Looking into the future almost all houses in Cyprus will be equipped with photovoltaic solar energy systems producing free electricity like for so many decades almost all the houses and businesses are equipped with solar water heaters.
The maximum capacity permitted for a residential solar system through the NET METERING scheme is of 5 KW.
Provided that the photovoltaic solar panels are facing South, it is expected that a 3kW system will produce 5,100kWh per year, while a 5kW system will produce 8,500kWh per year.
There is no doubt that by installing a Photovoltaic solar system a household will save a lot of money towards the electricity bill. The pay-back period of your investment depends on the tarriff per kWh charged by the EAC. SUXEED SOLAR will provide you with a free techno-economic analysis.
Your total electricity production is taken into account each time the EAC sends you a bill. If during a billing period you produced more electricity than you consumed, your production will be transferred as credit to the following billing period. The EAC will reconcile your total production at the end of a calendar year.
So far, a subsidy of €900.00 per kW system installed (maximum €2,700) is available for individuals receiving certain state benefits or who have a certain number of dependents in the household.
Click here for eligibility.
How Does It Work?
The Net Metering system is installed and produces electricity which is fed to the grid via a smart meter installed by the EAC. The meter calculates the yield of the electricity that a home exports and the consumption of electricity imported from EAC. The system calculates the net amount to be paid to the EAC every month or every two months.
A photovoltaic installation produces clean energy. The installation itself requires very little or no maintenance. We encourage users to keep a regular check on the daily production of their installation by glancing at the inverter to ensure production is as expected. For the more technically-minded a monitoring system can be an option for more accurately observing production.
At Suxeed Solar we like to make it easy for our customers by taking care of the paper work required for the application procedure which is quite long and complicated.
Required Application Documents (Without Subsidy)
- Electrical consumption for the past 12 months (from EAC)
- Recent EAC bill
- Title deed (all owners)
- Topographical plan
- Building permit
- Owners consent (in case of multiple owners) - Original
- Certificate of permanent stay (in case of non-Cypriots)
- Signed certificate of use of domestic unit
- Application form signed by customer - Original
- €250 + VAT prior to the submission to the EAC