The new ones increases on the electricity bill, which came into force with the activation of the red flag tariff in the months of September and October, are boosting os financing for systems solar energy in Brazil.
According to platform data My Solar Financing, the volume of credits released for micro and mini distributed generation photovoltaic projects grew 22,7% in September compared to August.
In the evaluation of carolina rice, director of Meu Financiamento Solar, solar generation is the main alternative sought by consumers to protect themselves from rising electricity bills.
“With the activation of the red flag on the electricity bill, the decision-making (of many consumers) ends up being in favor of photovoltaic installations. The math is simple: in addition to there being more ease in obtaining financing, the time for return on investment drops significantly,” she said.
According to the balance sheet released by the company, most of the credits released for the installation of solar panels went to projects contracted by residential consumers.
From September 1st until now, but of 64,7 thousand Brazilian homes had photovoltaic systems installed, according to data from ANEEL (National Electric Energy Agency), with a large part being financed by institutions operating in the segment.
Although the largest audience for solar panel installations is residential consumers, Carolina also draws attention to a growing increase in the number of “solar energy financing for condominiums, which seek to reduce the consumption bill for common areas in buildings”, he highlighted.
Red flag
The tariff flag system was created by ANEEL (National Electric Energy Agency) in 2015, consisting of the colors green, yellow and red (at levels 1 and 2).
This sequence indicates the cost of energy: green means there is no additional cost, yellow indicates a slight increase in the electricity bill and red means a higher cost for Brazilian consumers.
The increase in the tariff signals the need for the population to reduce electricity consumption due to the low level of hydroelectric reservoirs and the need to connect more thermoelectric plants, which have a higher energy generation cost.
A red flag 1 was raised in the month of September, while that of level 2 was in October. At the end of each month, the ANEEL always announces what color the tariff flag will be in effect for the following month.
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