The Energy Ministry of Thailand has high hopes for household solar electrical systems to increase in coming years. The Bangkok Post reports this is mainly due to the global trend for rooftop solar and declining investment costs. The ministries newly implemented electricity buy back scheme also factors positively in this new growth.
Introducing this buy back scheme means households can save on energy costs not only by producing for their own electricity needs, but also earn money when excess energy is fed back into the grid. Similar schemes are increasing in popularity in many countries.
The Bangkok Post recently quoted Energy Minister Siri Jirapongphan as saying, “Solar power from household sources has been gaining at impressive growth rates this year. The energy source is going to shake the industry.”