Are solar panels a good investment in Estonia?

Solar panels are a great possibility for investment, which ensures a steady future for decades. Is there really enough sun in Estonia? Solar energy is the only renewable, free of charge and inexhaustible form of energy. Every day more sunshine reaches the earth that we take advantage of.

How much solar power does Estonia have per capita?

Regarding solar power per capita, Estonia has emerged as one of the new leaders. The country is ranked 6th among 27 EU members, with 596 Watt per capita in 2022, jumping from 405 in 2021. With accelerated growth in recent years, it has the potential to reach an even higher mark soon.

Is there enough sunshine in Estonia?

Common myths that say there is not enough sunshine in Estonia are not true. For example, solar systems efficiency can be easily compared with systems placed in Northern Germany. The fact that our climate is slightly cooler is an advantage over Germany’s larger daily dose of sunshine.

How much solar radiation does Estonia produce a year?

In Estonia, the amount of solar radiation is comparable to Central Europe; the average amount of radiation has an optimal slope and azimuth of 1100-1200 kWh/m2, 85% of which falls between April and October. An optimally installed 1 kW PV plant produces 900 to 1000 kWh of energy per year.

Does Estonia have a good energy policy?

So far, it has been a key objective of Estonian energy policy. Being a Nordic country with less sunlight than in Western and Southern Europe, Estonia has achieved a solid place at the top with its 1,923 sunny hours in the year.