Investment In Solar Energy, An Alternative To The Housing Crisis

Cry Europe, a Spanish company specializing exclusively in photovoltaic solar energy professionals provides everything needed for installation and commissioning of a photovoltaic plant, offers the possibility of investing in solar energy as an alternative to the current housing crisis.

In recent months the housing slump has become increasingly acute, with accumulated losses of more than 25% in 2008, as investors seek other niche markets where their savings grow. Furthermore, forecasts predict that the housing crisis will be long. The longer housing prices began falling in 2008 while still increasing the slowdown in the pace of home sales new and used. Therefore, there are more and more proposals to invest in renewable energy. Of these, the solar PV is the more attractive thanks to the peculiar climatic conditions that exist in Spain, where exposure to sunlight is very high.

In this context, Claman Europe offers an alternative Solinvertia invest in their brand associated created in 2008 to meet the demands of electrical installers specializing in small consumer, covering the field of photovoltaic installations on decks for home use.

A very profitable investment

Solinvertia plans to invest in photovoltaic solar covers creating, performing all phases of the process: marketing, installation, commissioning and maintenance. The installation cost of a minimum of 5 kW within the solar cover around 25,000 Euros. To implement it is not necessary to have 100% of the investment, because banks collaborating with Solinvertia available to the client credit at low interest rate, up to 80% with an amortization of 10 to 15 years, to be covered by the benefits of energy sold to power companies. Thus Solinvertia efficient use of solar energy, free energy source, clean and inexhaustible.

This is a market with great growth prospects following the Royal Decree 661/2007, which requires that 63% of facilities are on deck, thus boosting small installations in this activity.

In addition, photovoltaic solar energy in Spain is guaranteed by law because the Government obliges electricity companies to buy all energy produced by these facilities, which then is injected into the electricity distribution network to buy it. The Decree 1578/2008 establishes the price per kWh. of 32 and 34 cents per kilowatt hour for covered (over and under 20 kW, respectively) and up to 25 years.

“Renewables are the future of our country,” says Jesus Lopez, marketing director of Europe cry aloud. “The demand for electricity during 2008 was 263,961 GWh, 1% more than in 2007. The sale of this energy is guaranteed the first 25 years, priced between 32 and 34 cents per kilowatt hour for covered, depending on the kilowatt produced, and offers an IRR of 15%, also obtaining a refund of 100% of VAT. It also provides significant tax advantages given that up to 8% of total investment may be tax deductible from corporation tax, “said Jesus Lopez.

In short, Solinvertia proposes an innovative concept, and rising cost, because in less than ten years, Spain has been ranked fourth place in the global PV industry, behind Germany, Japan and USA.