Cut costs with solar panels for lower energy bills today.

By Oliver Townsend Jun 3, 2024
Save on your energy bills with solar panels.jpegOrginal image from:

When it comes to choosing energy sources for your home in Mexico, solar panels are a smart and sustainable option. Not only are they environmentally friendly, but they also offer financial benefits such as selling excess energy back to the Federal Electricity Commission (CFE) for profit. As the world moves towards green energy solutions, transitioning to solar power in Mexico aligns with global sustainability goals and can help you save on energy bills while reducing your carbon footprint.

The Environmental and Financial Benefits of Solar Panels

Solar energy is known for having one of the lowest environmental impacts among all available energy sources. By harnessing the power of the sun, you can reduce your dependency on traditional energy sources and contribute to a cleaner, greener planet. In Mexico, installing solar panels can not only make your home self-sufficient but also increase the value of your property. Additionally, you have the opportunity to generate extra income by selling surplus energy back to the CFE through various compensation schemes.

How to Install Solar Panels in Mexico

Installing solar panels in Mexico is a straightforward process that does not require a license from the Energy Regulatory Commission (CRE) as long as you follow interconnection and cogeneration agreements with the CFE. There are reputable solar panel brands available in Mexico, and professional installers can help you navigate the installation process, obtain permits, and establish an agreement with the CFE to connect your panels to the grid. To sell excess energy back to CFE, you need to meet specific requirements, including having a contract with CFE, adhering to CFE regulations, and signing a consideration contract.

Types of Contracts for Selling Excess Energy

When it comes to selling excess energy back to CFE, there are three types of contracts available: Net Metering of Energy, Net Billing, and Total Energy Sale. Each contract offers different benefits and allows you to recoup your investment in solar panels within a few years. While the initial cost of installation may seem high, the long-term financial benefits and positive environmental impact make solar panels a worthwhile investment for your home in Mexico.

Cost and Benefits of Solar Panels in Mexico

The cost of solar panels in Mexico in 2024 is around 50,000 pesos (US$2,830) for an average house. While this initial investment may seem significant, the financial benefits of solar panels are undeniable. By reducing your energy bills, increasing the value of your property, and contributing to a cleaner environment, solar panels offer a sustainable and cost-effective energy solution for homeowners in Mexico.

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