Tag: cost

08
Dec

Solar Prospects are Bright in Thailand

Solar prospects are becoming brighter, despite the dim policy. Declining costs and other incentives are proving to be beneficial to the renewable energy sector.

Workers install solar panels on a house, which can help residents cut down on their electricity bills. WEERABOON WISARTSAKUL

Workers install solar panels on a house, which can help residents cut down on their electricity bills. WEERABOON WISARTSAKUL

With the cost of installing solar rooftops dropping substantially and energy firms offering several types of business models to encourage consumers, home and building owners are taking advantage of the clean power source, even as energy policymakers have not yet finalised regulations to let private solar rooftop owners sell power to state utilities.

Owners of factories, buildings and residences have installed solar rooftops to produce their own power and cut back on expenses.

With falling development costs, the break-even period for those who have invested in solar power has shortened from 15 years in 2012 to eight years in 2016 to five years now, said Prof Dusit Kruangam, chairman of the Thai Photovoltaic Industries Association.

The current trend should make renewable energy a viable competitor with fossil fuels within a decade.

This price decrease has a huge impact in the solar industry. Eyekandi-Solar is right behind you to offer the best service and solar installation in Thailand.

Click here to contact us for a quote, and read this article further to find out more.