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 Photo Voltaic, Geothermal, and Wind Turbine solutions.
Penguin work with an associate company who handle all the necessary applications / paperwork etc for PV systems, which are significantly different from conventional solar heating systems. This is also because there are now excellent government-backed schemes to encourage the implementation of PV systems in homes in Portugal, i.e. whereby you generate electricity to sell to EDP at a rate approx 5 times higher than their standard charge rate to consumers. -
The current consumer rate for electricity from EDP = €0,12 per kW/hr -
The current selling rate to EDP via a solar PV system = €0,62 per kW/hr
A typical PV system costs around €23,000 to purchase & install but nowadays there are dedicated 100% (one hundred per cent) finance deals available from the Portuguese banks following government legislation. The largest system that the scheme allows for is 3.6KW, for which you would need approx 40sqm of south-facing roof or land without any obstruction / shadows. Such a system will pay for itself in 5-6 years, after which time you are solely generating income. The selling rate to EDP remains constant for the first 5 years but will then drop each year from the 6th year onwards. After the 15th year the selling rate will have dropped close to the buying rate of electricity from EDP at that time. The system is installed and operates entirely independently from your domestic electrical system(so no need to change that) – you simply earn an income from the electricity it inputs to the national grid, offset against your own EDP bills. The only caveat to the scheme is that you must already have – or additionally install – a thermal solar system for your domestic / sanitary water supply.
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