Tempted by bright idea of solar?
UAE Residents fitting solar panels on their homes could see their bills reduce by up to 50 per cent - if they are willing to spend up front on the technology, experts have said.
Dubai Energy and Water Authority (DEWA) will in the coming days launch a new scheme that will allow homes generating their own power to connect to the national grid.
At present, only a small number of homeowners are thought to have solar panels off-grid. And industry experts say that much of the elecriticy generated in that way is wasted, and those homes still need to use energy from the grid.
Johann Schoeman, whose company Oryx will be connecting solar-powered homes to DEWA’s grid, said the falling cost of solar panels now means that adding them to the roof of a villa can start from Dhs20,000.
He said: “The first UAE households will be connected to the DEWA electricity grid in a matter of days.
“The panels will provide between 15-50 per cent of your house’s energy, meaning electricity bills will be cut by 15-50 per cent.
“The rest of the electricity will come from DEWA’s grid.”
Villas in Victory Heights and Sustainable City will be the among the first properties to be connected to DEWA’s grid, Schoeman said.
Similar such schemes in the UK have seen homeowners who generate excess energy that is fed into the grid given financial rewards or reductions on their bills, given they are generating clean energy.
The project is part of the Dubai Government’s Shams Dubai initiative, which aims to have solar panels installed on the roofs of all buildings in the city by 2030.
“With a 12 per cent return the investment is actually better than the yield of a FTSE index tracker or government bond,” Schoeman said. “So if you have $10,000 dollars lying around in the bank, it’s worth it to buy a solar panel for your home outright.”
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