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Grid-Connected Systems

In Cyprus, integrating photovoltaic (PV) systems into the electrical grid offers various schemes to optimize energy consumption and costs:

Net Metering

This arrangement allows consumers to install PV systems at their premises, directly connecting to the grid. The energy produced offsets the energy consumed, with any surplus credited to future bills. This scheme is ideal for residential and small business users aiming to reduce their electricity expenses.

Virtual Net Metering

Beneficial for consumers whose properties are unsuitable for solar installations, this scheme permits the installation of PV systems at a different location from the actual consumption site. The energy produced is credited to the consumer's electricity account, effectively reducing their bills.

Net Billing

Designed for larger energy producers, this scheme allows participants to use the electricity generated by their PV systems directly for their own consumption. Any surplus electricity not immediately consumed is exported to the grid and credited at a predetermined rate, providing a steady return on investment.

Virtual Net Billing

Similar to net billing, this scheme enables the installation of PV systems at locations separate from the consumption site. The energy produced can be used directly by the consumer, and any excess is sold to the grid at a predetermined rate, with the revenue credited to the consumer's electricity account. This approach is advantageous for entities lacking adequate space for on-site installations but wishing to invest in renewable energy.

These schemes collectively support Cyprus's transition to sustainable energy by offering flexible options for integrating renewable sources, tailored to various consumer needs and property constraints.