Up to €3,000 Government Grant

The government is giving funds of up to €3,000 for every solar panel system purchased. Funds are limited, and once the grant is exhausted, you will no longer be able to benefit from this scheme. This is why it is advisable to invest in your solar panel system this summer, before the grant runs out.

Benefit from an additional €200 discount

At Power Solutions, we believe in giving our customers more value and we are currently offering a discount of €200 when you purchase a PV panel system with a friend, or even with a neighbour. Both parties will be eligible for this discount which is available throughout July and August.

ECO loans from local banks are available

No funds to purchase your solar panel system? No problem with ECO and Green loans which are available from leading banks in Malta. We can assist and guide you on the loans available. Should you require additional information on financial lending for your solar panel system speak to us or visit your local bank.

Capitalise on your investment with hours of sunshine

Malta enjoys several hours of daylight – one of the most in Europe with around 3,000 hours of sunshine every year. Summer is a great part of this, with July giving up to 12 hours of bright sunshine per day. This makes summer the ideal season to invest in a solar panel system.

Increase the value of your property

The property market is picking-up and more buyers are on the lookout for an eco-friendly property. By installing a solar panel system, you increase the value of your home or commercial premises and give it an additional benefit to a potential buyer, thus making it more sellable.

Book your appointment today

If you’re looking to invest in a solar panel system, get in touch with us at Power Solutions by calling 9999 6162 or send an email to info@powersolutions.com.mt

You’ve decided you want to invest in renewable energy and want to purchase a solar panel system. But how do you decide which solar panel tariff suits your needs? Below we lay out some of the key facts and figures you need to know when deciding about your solar panel system tariff plans.

Feed-in-Tariff

The Feed-in-Tariff, also referred to as FiT, is one of the tariff rates being offered where you generate energy from your PV panel system and sell it back to the government. The current rate being offered is applicable for 20 years and stands at €0.15c5. Therefore, if you had to calculate what this means in financial terms, you could deduce that an average solar panel system generating approximately 5,760 Kwh (Units) in 12 months, will give you a financial return of approximately €892.80. Over 20 years, your total revenue generation would be around €17,000. With an average panel system costing approximately €6,200, this means that you would enjoy a healthy net profit of over €10,000 over 20 years – much higher than what you would get from investing with a bank. The amount of energy is dependent on the amount your system produces and therefore the return on investment (ROI) varies accordingly.

€3,000 Government Grant

Currently, the government is providing a grant of a maximum of €3,000 for every PV system purchased. Funding is limited and should you want to take up this offer, you will need to act on it swiftly. If you take up the government grant, the tariff rate for selling electricity back to the government is €0.10c5 for 20 years. For an average solar panel system, this gives you a yearly return on investment of approximately €604. The benefit of the grant is that you are given part of the capital to make the initial investment. However, the return on investment is lower than if you had to utilize the FiT tariff. In fact, with this option, you will sell approximately €12,000 worth of energy. Given that an average system costs approximately €6,200, less the grant amount, your profit over 20 years would be approximately €8,000 – less than the amount of the FiT tariff plan.

How many panels?

The more panels you purchase, the more energy you generate and therefore the more you can sell to the government. So, if you have the space and the budget, it will pay you in the long run to utilize the space you have so that you are able to generate more revenue.

Applications Are Simple

Applying for the FiT and the government grant is simple. You cannot take both tariffs together and you will be asked to choose one or the other. Your supplier will assist you in filling in all the details and you will need to have a copy of your last bill from ARMS.

If you’re looking to invest in a solar panel system, get in touch with us at Power Solutions by calling 9999 6162 or send an email to info@powersolutions.com.mt

When you purchase your solar panel system, your supplier should inform you of the importance of taking care of your panels. In this way, the system will continue to function efficiently so that you can continue to benefit from your energy source for many years to come. Here is what you need to know about maintaining your solar panel system.

Your system must be maintained

Just like you would service your car, your solar panel system must also be maintained regularly both electrically and mechanically. Your solar panel supplier will regularly schedule routine maintenance and will check for several issues which could impact panel efficiency such as defects, corrosion, electrical fittings, vent debris and many others.

Monitor the system

You can check your panels’ day to day performance for an indication on energy efficiency. You can take the readings of your panels every day at the same time to check they are working well. Of course, a cloudy day will affect such readings and must always be taken into consideration.

Clean your panels

Your panels must be cleaned two to four times a year to remove any debris and dust that can gather over the months. A simple hose down with cold water will suffice. By keeping your system clean, you are ensuring it functions at its best capacity which is important to get the most out of your energy source.

Keep yourself informed about the latest tariffs

Check whether the feed-in tariff you had initially signed up to is still applicable today. It might be a good time to look into the latest tariffs and solar panel schemes available on the market so that you can get the best rates available for your solar panel system. This will assist you in maximising your return on investment. If you already own a solar panel system and are looking to upgrade it, get in touch. We currently have a unique offer where we will replace your old system with a new one.

Always check the production with the utility company on the bill

When you receive your electric bills, look at them in detail and cross-match the bill with the information you have from your own monitoring. If there are any discrepancies, flag the issue with ARMS by contacting their customer care freephone 8007 2222 or sending an email on customercare@arms.com.mt

Understand where solar energy is heading in the future

Do some research about plans and ideas for future solar energy systems. Technology in this field is ever-evolving and you have the opportunity to purchase equipment that will assist your current system in producing more energy.

Do you have a solar panel system which needs to be maintained, or do you need to upgrade your current system? Get in touch with us at Power Solutions by calling 9999 6162 or send an email to info@powersolutions.com.mt

Malta’s optimal weather and the government’s attractive solar energy schemes makes it a great time to invest in solar panels. Energy systems allow you to save money, make your home efficient and they also reduce your carbon footprint. Here are our 7 reasons why you need to invest in photovoltaic panels.

No more electricity bills

Never worry about your electricity bill again. A standard solar panel system generates approximately 18 units of electricity per day which covers the average household daily consumption of 16 units per day. In this way, the energy you generate is enough to cover your electricity bills.

Enjoy a 20% return on investment

With no electricity bills to pay and with government schemes to assist you in the purchase of solar panels, you will pay off your energy system within approximately five years. This translates into a return on investment of about 20% which is not possible with traditional financial savings schemes.

Increase the value of your property

Demand for energy efficient properties continues to grow. Having a solar panel system in your home increases the value of your property and makes it more sellable when compared to other similar properties on the market.

Help the environment

Reduce your carbon footprint by generating your own energy. By powering up your home directly from sunlight, you will drastically reduce carbon dioxide emissions and dependence on fossil fuels. This results in overall less pollution and cleaner air.

Create shade on your roof

A solar panel structure creates shade on your roof which is beneficial for hot and bright sunny days. The shade allows you to enjoy your roof more frequently in addition to giving you some privacy.

Low running costs

Generate your own energy for many years with little running costs. Once a panel system is installed, all you need is insurance and one yearly maintenance on your panels.

25 Year Guarantee

Enjoy a 25-year guarantee on your energy systems – giving you peace-of-mind that you can continue to enjoy the benefits of your solar panel system for 25 years.

Want to know more about energy systems? Get in touch with us at Power Solutions by calling 9999 6162 or email us at info@powersolutions.com.mt