More and more households in Serbia are considering installing solar panels. Beyond environmental benefits, the main question is whether the investment pays off and how much can actually be saved on electricity bills.
The amount of savings depends on several factors:
- Monthly electricity consumption – Higher consumption leads to greater savings.
- Solar system production – Production is higher if the roof faces south and is free of shade.
- Electricity prices – Savings are larger when electricity costs are higher.
- Taxes and fees – Solar panels reduce the amount of taxes and contributions on electricity bills.
- Timing of energy use – Savings increase if appliances consume energy when the system produces the most electricity.
Average savings on electricity bills with solar panels in Serbia range between €50 and €80 per month. A 6 kW system can bring annual savings of around €750–€800.
The investment in solar panels is estimated to pay off in 8 to 10 years. A 6 kW system costs between €6,000 and €7,200. With a government subsidy of up to 420,000 RSD, the payback period is shorter. The exact return depends on your consumption and system production.
