Why get solar panels
There are several strong reasons to invest in solar panels. Here are the most important:
With solar panels you produce your own electricity and reduce your dependence on the grid. A typical residential installation of 10 kW can generate 8,000–10,000 kWh per year, covering 50–70% of a normal household's electricity consumption. This means savings of SEK 15,000–30,000 per year depending on electricity price and self-consumption rate.
Several analyses suggest that homes with solar panels can sell at higher prices, but how much the panels add to the value varies with factors such as the system's age, size and location. It's an investment that not only saves money every month but can also strengthen your property value.
Solar energy is one of the cleanest energy sources. A 10 kW solar panel system reduces carbon dioxide emissions by approximately 2–4 tonnes per year compared to fossil-based electricity. The panels have an energy payback time of 1–2 years in Sweden — after that they produce clean electricity for another 23–29 years.
The green tax deduction gives you a 15% tax reduction on labour and material costs for solar panels (max SEK 50,000 per person). Income from sold surplus electricity also has a standard deduction of SEK 40,000 per year — below that level you normally pay no tax on the sale. The tax reduction is applied directly on the invoice and applies per person — a couple can therefore receive up to SEK 100,000 in deductions.