“Enpoint” solar roofs – photo: “Enpoint” public relations
The increase in electricity rates by 8.6% in the month of August and this after electricity prices rose in January by a rate of 2.2% led to an increase in the installation of solar energy systems in the private sector.
Nir Peleg, CEO of Enerpoint: “In the first half of 2022, there was an increase of about 12% in the installation of solar systems using photovoltaic technology and it is expected that by the end of the year there will be an increase of over 20% in the installation of solar systems in the private sector.”
According to the government’s decision, the production of electricity from renewable energy until the year 2025 should be about 20% of the total electricity consumption and by the year 2030 about 30% of the total electricity consumption in Israel.
The increase in electricity rates by 8.6% in August and this after electricity prices rose by 2.2% in January led to an increase in the installation of solar energy systems in the private sector.
Nir Peleg CEO of “Enpoint” company: “In the first half of 2022, there was an increase of about 12% in the installation of solar systems using photovoltaic technology and it is expected that by the end of the year there will be an increase of over 20% in the installation of solar systems in the private sector.”
To illustrate the economic viability, we note that installing a home solar energy system on a flat roof of approximately 120 square meters and producing approximately 28,927 kWh in the first year with an expected income for the customer of approximately NIS 13,885 per year and an annual return of approximately 14% that returns the customer’s investment In installing the system in about 6.5 years.
“Enpoint” solar roofs – photo: “Enpoint” public relations
Peleg further states: “The fact that the high electricity prices brought the solar energy field to the fore is an investment with clear economic viability that generates passive income for the property owner, hand in hand with the fact that these are green systems and there are two very interesting vectors here that merge with each other. A solar system is an investment with clear economic viability that generates income passive for the owner of the roof. The returns that the systems generate today are double-digit annual returns. This is an investment with low risk. Here is a property that yields for 25 years, today it is easy to get financing in favor of a solar system.
As you know, a few months ago the “Enrpoint” company was purchased by the “Chalmobil” group – the largest car importer in Israel.
In the middle of the year 2022, Enerpoint also expanded the project to rent roofs for the establishment of a solar energy system for large buildings, when the electricity will be sold to the electric company and the incoming owner will benefit from a fixed annual rent for a period of 25 years, with the entire cost of setting up and maintaining the solar system at the expense of the company.
According to the government’s decision, the production of electricity from renewable energy until the year 2025 should be about 20% of the total electricity consumption and by the year 2030 about 30% of the total electricity consumption in Israel.