Photovoltaic System Guide 2024: everything you NEED to know

2024 was an important year for renewable energy, in particular for photovoltaic systems, with new technologies, state incentives and environmental awareness.

If you are thinking about photovoltaic, this guide will give you a complete guide on how they work, their advantages and disadvantages, installation techniques, expenses, incentives for 2024.

In the meantime, if you want to know more, click here to visit our site.

How do solar panels work?

Solar panels convert sunlight into electricity. In fact, the cells in these panels use the photovoltaic effect, a process that involves photons in sunlight that, interacting with electrons, create a flow of electricity.

It is then possible to use a storage system, in order to conserve energy for future uses. Photovoltaic systems can be installed on residential and commercial roofs, or built in large solar fields to produce large quantities of energy to be sold on the market.

A key feature of this technology is the so-called 'on-the-spot exchange', a mechanism that allows excess energy produced to be injected into the national electricity grid and then receive compensation in return.

In addition to these formulas, there are also solutions for those who do not have large spaces, such as balcony solar panels. But we will talk about this later, now we will explain to you what are the advantages and disadvantages of a photovoltaic system.

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Advantages of the photovoltaic system

Respect for the environment: the energy produced by photovoltaic panels has zero emissions, helping to reduce the environmental impact linked to the use of fossil fuels;

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Savings on electricity costs: with the increase in the cost of electricity, a photovoltaic system can significantly reduce the energy bill;

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Energy independence: with a photovoltaic system with storage, the energy produced can be stored and used during the night hours or during times of low solar radiation;

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State incentives and bonuses: in 2024, the 2024 photovoltaic bonus makes investment even cheaper thanks to tax deductions and loans at reduced rates;

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Exchange on site: users can earn by entering excess energy into the grid, thanks to the 2024 on-site exchange mechanism.

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These are some of the advantages, now we want to talk to you about the disadvantages.

Disadvantages of the photovoltaic system

High costs, especially if you plan to incorporate a storage system;
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Solar panels are not suitable for all homes, especially in areas with limited sunlight or shade caused by obstacles. However, for those who want to invest in solar, Gridshare offers a solution!
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Solar panels are easy to maintain, but it is necessary to keep them clean and monitor their performance.

Installation of a photovoltaic system

And now, in 4 simple steps, we want to show you the basic steps to install a system:

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Step 1: a technician evaluates the suitability of the roof or surface where the panels will be installed, verifying exposure to the sun and structural capacity. If you live in an apartment building or don't have enough space, you can consider balcony photovoltaic panels.

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Step 2: before proceeding with the installation, it is necessary to obtain municipal and environmental permits. This phase may vary depending on the installation area, especially if you install large solar fields such as those proposed by GridShare, a company that allows investors to contribute to the construction of solar fields without having to install domestic systems.

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Step 3: The system is installed by a specialized company, which also deals with the connection to the local electricity grid. If a storage system is used, the technician will also install batteries for energy storage.

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Step 4: Once installed, the system is connected to the electrical network and tested to ensure that it works properly.

Do you have any other questions? Consult our FAQ to stop having any doubts.

Photovoltaic system costs

What are the costs of a photovoltaic system? Here's what you need to know.

The costs of a photovoltaic system vary based on several factors, including the size of the plant, the technology used and the presence of a storage system. On average, the costs can range between 1,000 and 2,500 euros per kW installed, with an additional additional cost if you opt for a storage system.

In the case of investments in remote solar fields, such as those of GridShare, the initial costs include not only the purchase of the panels and the installation, but also the right to land (the rent or purchase of the land), the PPA (Power Purchase Agreement, or the agreement for the sale of energy at a fixed price), and the technical development of the plant.

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👉 Do you want to know how much solar panels cost and how much they can make? Use our free simulator online here.

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2024 photovoltaic system incentives and bonuses

Photovoltaic represents a sector in strong growth which will create numerous jobs by 2024. The main incentive is the 2024 photovoltaic bonus, which offers a 50% tax deduction on installation costs, up to a maximum of 96,000 euros.

In addition, the 2024 energy income initiative provides free photovoltaic systems to low-income families, in exchange for producing energy for the grid. This approach makes the energy sector fairer, allowing better use of resources to generate clean energy and help reduce social inequalities.

Electric car owners can also get charging points free of charge, making the investment in photovoltaic energy even more profitable. 2024 is expected to be a favorable year for solar investors.

Solar energy is a great way to save money and protect the environment... but it's also a great opportunity to invest: find out more by clicking here.

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