supporttheunderdog wrote:
Does anyone have any idea of what sort of size of photovoltaic system I should get , what it might cost and what the likely payback period would be on a consumption of about12500 KwH/PA?
Just an idea,
A 1KW solar power system in Cyprus, produces approximately (average) 1650 KWh per year.
This of course varies according to the weather, the direction and the angle your roof faces and if it is shaded in part or not.
According to my estimation, you would need a 7.5 to 9 KW system for your stated consumption. That is if you want to power all of your energy needs from solar, instead of subsidizing your existing energy bill.
Something like this will cost approximately, 1,300 euro per KW, so 9000 to 12000 euro. (this is an extremely rough estimate from someone not in the industry, prices will vary by contractor and the quality of the components)
Then you have to consider how much surface area the solar panels will take and if you have the space for such a system.
Calculating the payback time for such a system is somewhat complicated because the EAC has different fees and fixed service charges but estimate 28 cents per KWh all in. If your yearly energy costs are 3,500 euro, which is just my estimate, you could get a return on your investment in 3 to 4 years. Account for a 5 year payback time to be conservative.
Remember, there are also licensing and application fees, solar cells also lose their efficiency over time and there might be other maintenance costs not taken in to account. Also, you will not be fully independent of the power company unless you choose to store your energy production in batteries. There will be ongoing "administration fees" from them to grid-tie your system for net-metering. So it might take slightly longer for the system to pay itself off. Expect the system's lifetime to be about 20 years.
Also, if I recall correctly, any surplus energy you feed in to the grid gets wiped off from your account once a year. They dont pay you for surplus or let you keep it on your account!
In my opinion, going solar is probably one of the best investments you can make in Cyprus, if you can afford to do so.
I dont work in solar energy but I hope this helps.