Price of electricity generated by solar panels installed in Jerusalem

How much does electricity cost in Israel?

Israel, September 2023: The price of electricity for households is ILS 0.617 per kWh or USD 0.166 per kWh. The electricity price for businesses is ILS 0.393 kWh or USD 0.106 per kWh. This includes all components of the electricity bill such as the cost of power, distribution and taxes.

How many residential buildings in Israel have gone solar?

Only a handful of residential buildings in Israel have gone solar due to multiple obstacles, one of which is that a residents’ committee cannot secure a bank loan. An apartment building fitted with solar panels (but not storage) in the southern city of Beersheba, through the Sun for All initiative. (Yuval Pan)

Are solar panels a good investment?

Together, they will generate 1.6 gigawatts of installed capacity — a tenth of what’s needed to reach the government’s goal of generating 30 percent of electricity from renewables by 2030. Energy Minister Eli Cohen told a press conference in Jerusalem that solar panels promised a return on investment of at least 15% annually over 25 years.

Could a green track Help a home install a 15 kilowatt solar system?

A green track already enables any home installing a 15-kilowatt system anywhere in the country to get to the front of the queue with minimum bureaucracy. Eifer told The Times of Israel it took just a few weeks from deciding to go solar to connect to the grid.