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.

Is France incorporating solar energy into its grids?

Numerous countries are incorporating solar energy into their grids to lower energy costs, prevent power losses, and more. And France is one of the leaders of the pack. According to CleanTechnica, data from the French government showed chart-topping growth over the first three quarters of 2024.

When did solar PV start in France?

Solar PV installations in France started being substantial only from around 2008. Between 2009 and 2011 PV capacity grew almost tenfold, from a relatively low level.

How much power does a photovoltaic park have in France?

The Ministry of Ecological Transition continues on the evolution of solar photovoltaic park installations in the country. “As of September 30, 2024, the [power capacity of photovoltaic solar parks] reached 23.7 GW, including 22.9 GW in mainland France.

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

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.