Solar panels increasing in popularity

Green Energy

Photo by anatoliy_gleb / Shutterstock.com

It is becoming more fashionable to invest in solar panels in Hungary, says penzcentrum.hu. 

Photo by anatoliy_gleb / Shutterstock.com

In just six years, the energy produced by small solar-powered household power plants has increased tenfold, not to mention that the investment is now said to pay for itself in as little as eight years.

The investment cost of an average solar power system of about 8 kW is between HUF 2.5 million and HUF 3.5 mln, of which 40-50% would be the cost of the solar cell itself, 10-15% design licensing and construction, with the remainder covering the support structure, inverter, and auxiliary materials, the business websites notes.

ADVERTISEMENT

Business confidence edges up as consumer sentiment weakens Analysis

Business confidence edges up as consumer sentiment weakens

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Energy Efficiency: End-users, Energy Traders and Other Stake... Inside View

Energy Efficiency: End-users, Energy Traders and Other Stake...

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.