Hello Friends!

With rising electricity prices and Singapore’s push for sustainability, many homeowners and businesses are asking: Is solar power worth the investment? In this guide, we’ll break down the costs, savings, government incentives, and key factors to help you decide if solar panels make sense for your home.

1. The rising cost of electricity.

Singapore’s electricity prices have been increasing due to global energy market fluctuations. Solar panels can cut your electricity by  50–80% depending on the number of panels you have installed.

2. Cost of installing

The cost of solar panels varies depending on the number of panels, roof type ,and the complexity of the installation.

(Note that the ROI refers to the amount of money you save)

Metal Roof: 18K – 21K ROI: 3 – 4 years

RC Roof: 20K – 25K ROI: 5 – 6 years

Tile Roof: 23K – 27K ROI: 6 – 7 years

3. How much can you save you solar?

The amount save depends on a few factors.

1. System size.
   • How much AC current your system can produce.
2. Energy usage.
   • Your monthly energy usage.
3. Energy Retailer.
   • The sale of power varies depending on your retailer.

4. Are there any government subsidies?

Sadly no.

Final Verdict

Is solar panel worth it? Yes, but only if it can save at least 50% of your monthly bills and your ROI is less than 10years.

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