A recent study by the Brazilian Association of Photovoltaic Solar Energy (ABSOLAR) reveals that Brazil has reached a significant milestone, with over 2 million homes now equipped with solar energy systems. This achievement represents a remarkable investment totaling more than 70.3 billion reais since 2012.
According to data from ABSOLAR, the solar rooftops installed in residences contribute to an accumulated installed capacity of nearly 13 GW and are distributed across more than 5,500 municipalities throughout Brazil. In addition to residential properties, self-generated solar energy in the country now has an operational capacity exceeding 28 GW, serving a variety of establishments, including businesses, industries, rural properties, and public buildings, benefiting over 3.5 million consumer units.
ABSOLAR highlights that the solar systems installed in Brazilian homes collectively provide energy to more than 2.5 million units. Notably, the energy credits generated by these solar systems are shared among properties with the same owner and within the same concession area of the local distributor.
São Paulo leads the national ranking in the number of homes served by solar generation, with over 385,300 households benefiting from this clean energy source. Following are Rio Grande do Sul, with 303,100 residences, and Minas Gerais, with 291,800 households.
Ronaldo Koloszuk, president of the Board of Directors of ABSOLAR, emphasizes the accessibility and democratization of solar energy, highlighting a projected 50% drop in the average price of solar panels in 2023. This trend makes photovoltaic technology increasingly attractive and accessible to Brazilians, presenting an opportune moment for investment in clean and renewable energy.
Rodrigo Sauaia, general director of ABSOLAR, underscores the financial viability of investing in solar systems, highlighting an average payback period of four to five years. He also points out the availability of various financing options, including those offered by financial institutions, fintechs, and credit cooperatives, aimed at facilitating access to solar energy and its associated benefits for consumers throughout Brazil.
Source: Solarquarter.com