Are solar panels profitable in Israel?

While the system can bring a double-digit return on investment for some, for the hundreds of thousands who own apartments in shared buildings, it is not yet profitable. Over the past few years, it has become more and more popular for homeowners in Israel to set up solar panels on their roofs or in their yards — and for good reason.

Can a solar power plant be installed on a roof in Israel?

In order to meet Israel’s goal of increasing the production rate of green energy to 30% within a decade, the State is promoting legislation that allows owners of private homes and commercial buildings to set up a solar power plant on the roof.

What is Israel's Investment model for solar energy?

The investment model for solar energy has evolved over the last decade, as Israel has put more of a focus on increasing the rate of green electricity generated from renewable energy sources, most notably – sunlight.

Can solar panels be installed on a slanted roof?

Solar panels can be set up on either slanted or flat roofs, but they should always be south-facing in order to maximize the hours of exposure to direct sunlight. The economic model is quite simple. A solar panel of about 100 square meters costs roughly NIS 70,000 to install and produces an average of 10 kilowatts of energy per hour.

Are solar panels a good investment?

Between the annual return and tax exemptions, solar panels can bring owners a yearly ROI of more than 10%. However, at the moment, those who own private homes and office buildings are most likely to benefit from this unique investment route, while it remains unprofitable for those who own apartments in shared buildings.