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20% increase in electricity bills makes solar energy more attractive, says ABSOLAR

Photovoltaic solar energy reduces, especially at this time, the population’s electricity costs

With the expected increase in the electricity bill, due to the package announced by the government to assist companies in the electricity sector in the Covid-19 pandemic, the choice for solar energy is becoming increasingly attractive. This is what Rodrigo Sauaia, CEO of ABSOLAR (Brazilian Photovoltaic Solar Energy Association).

According to Sauaia, photovoltaic solar technology has been an important ally in the current economic scenario, as it brings direct savings to Brazilians' pockets, relieves the budget of companies and governments and protects them against tariff increases in the country.

“Photovoltaic solar energy reduces, especially at this time, the population’s electricity costs, increases the competitiveness of companies and relieves the budget of public authorities, benefiting small, medium and large consumers in the country. It is an alternative in the current situation of resources scarce, when consumers are pressured to look for effective ways to reduce expenses”, highlights Sauaia.

Increase in electricity bill

According to a survey by Abrace (Brazilian Association of Large Energy Consumers and Free Consumers), consumer energy bills will increase by up to 20% due to the emergency measures announced by the government for the electricity sector.

Sauaia reinforces the economy generated by photovoltaic solar energy. “A well-designed photovoltaic system can reduce consumers’ electricity costs by up to 95%. The savings generated allow the user to allocate resources to other essential needs, such as food, health and education”, highlights Sauaia.

Financial Services

Currently, there are more than 70 lines of financing for those who want to acquire solar energy in the country. According to the vice president of financing at ABSOLAR, Camila Ramos, interest rates start at 0,75% per month, which makes installation feasible. “PV systems can be purchased even by consumers who do not have their own resources. Often, the savings on the electricity bill brought by solar energy already pay for the financing installment and can also increase families’ purchasing power for their other daily needs,” explains Camila.

Ericka Araújo
About the Author
Ericka Araújo

Communications Manager of Canal Solar. Host of Papo Solar. Since 2020, he has been following the renewable energy market. He has experience in producing podcasts, interview programs and writing journalistic articles. In 2019, he received the 2019 Tropical Journalist Award from SBMT and the FEAC Journalism Award.

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