Tag: decrease

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.

26
Jul

Power bill is going up – time to invest in solar

“The monthly electricity bill during the September-December period this year is expected to rise by 2.5% to an average of 3.59 baht per kilowatt hour, up from 3.50 baht per unit, because of the rising fuel… “

Power bill is going up - time to invest in solar 2

A power pole is being repaired on Bamrung Muang Road in Bangkok. Monthly electricity bill for the September-December period is expected to rise to 3.59 baht per unit. APICHART JINAKUL

The cost of solar in Thailand, and globally has been on the steady decline over the past couple of years. The installation cost of solar panels has decreased from approximately $8 USD per Watt in 2010 to less than $4 USD per Watt in 2017. While the total installed price of solar has continued to decline, the price of the solar panels or modules themselves has remained relatively flat since 2012, indicating a decline in non-module costs.

Power bill is going up - time to invest in solar 3

Yes it is true, electricity from the grid in Thailand is still the cheaper option. But how sustainable is it? As soon as you make the investment into Solar, the more you’ll stop losing, and the more you will gain.

Click here to view the Previous article ‘Something is coming, check out this press release from Japanese company Kyocera’

Read the below article which explains the price increases of the power bills for residential use, and you might see a need to make the investment sooner rather than later…

Power bills to rise 9 satang a unit as fuel tariff hikes

Timeline of solar cells – Wikipedia

The Price of Solar Is Declining to Unprecedented Lows