Solar Payback Period in Dubai
There are many reasons to go solar, including:
- Environmental protection
- Economic development
- Energy independence
For most homeowners, however, the primary motivation comes down to savings.
Installing solar photovoltaic (PV) panels on your home reduces your reliance on the utility grid. As a result, you receive lower monthly electricity bills and much higher savings.
In fact, as long as the total savings from your PV panels exceed the upfront installation cost, solar is a winning investment. And because grid electricity prices keep trending upward (worldwide), nearly all solar panels eventually pay for themselves – sooner or later.
Depending on where you live, however, reaching this breakeven point can take a while. In cloudier regions that lack supportive green subsidies, the payback period of your solar investment can take decades.
Fortunately, this doesn’t apply to Dubai:
- We’re one of the hottest countries on the planet – with almost 365 days of backto-back sunshine.
- We also have net metering – a solar incentive that amplifies your monthly utility bill savings and shortens your payback period.
So in a region like Dubai, how long does it take for your solar panels to pay for themselves?
The Average Breakeven Point for Solar in Dubai
It’s very difficult to talk in “averages” since Dubai is a relative newcomer to the global solar revolution. After all, DEWA’s net metering program is only a few years old. And it may take a while before there is more reliable data regarding solar payback periods across the board.
However, we can speak from personal experience – having helped countless homeowners go solar and save.
Based on our internal numbers, the average payback period for a solar installation in Dubai is about 7 years. This is on par with what you’d normally expect in California – one of the most active solar hotspots in the world.
Over that 7-year period, you’ll have saved an average of 35,000 (AED) in utility bills.
[If you’re one of the many expats who don’t plan on sticking around long enough to reach this breakeven point, going solar is still a wise investment for the reasons listed here.]
After your PV installation has paid for itself, all additional solar electricity is 100% free – for the remaining lifetime of your PV system. And that can be a long time:
- At Al Shirawi Solar, the PV panels we use are warrantied for 25 years.
- However, a well-installed system can easily last 30 years or longer.
Ready to Go Solar Today?
In a sunny region like ours, solar is one of the safest and smartest investments you could ever possibly make:
- You begin saving the moment your panels go up.
- You make all of your money back within 7 years.
- You save even more for the next 18 to 23 years.
And all of the above is 100% risk-free.
Not even Wall Street can consistently offer guaranteed returns like that.
If you’re ready to begin reaping these dividends, contact us today for a Free Solar Quote.