Solar is a very exciting renewable energy source. It is a clean source of energy that can increasingly be used to produce cheap electricity. For example, the price of a photovoltaic (PV) system in Singapore declined by around 80% between 2007 and 2015. Naturally, the adoption of solar energy has grown rapidly following the decline in cost. The total installed capacity of solar photovoltaic (PV) systems connected to the grid in Singapore has more than doubled since the beginning of 2016 from 73.6 MWp to 149.1 MWp at the beginning of 2018. In this article, we examine how consumers stand to benefit from the proliferation of solar energy in Singapore.

Purchasing a PV System: Trim Your Electricity Bill

First of all, technological developments have allowed individuals to purchase their own PV system for their home or business. There are many benefits to purchasing a PV system. One example …