Cyprus Solar Panels Payback Calculator (net billing)
Enter the system size, its cost and your consumption. The assumptions (1,600 kWh per kWp yield, export price) are editable.
Result
- Annual saving
- €1,200.00
- Per month
- €100.00
- Share of annual bill
- 79.4%
- Annual productionkWh
- 8,000
- Self-consumedkWh
- 2,800
- Exported to gridkWh
- 5,200
- Cost after grant
- €6,500.00
- 25-year saving (nominal)
- €28,267
The result is an estimate for information only and is not tax, legal or financial advice.
How it is calculated
In Cyprus a PV system yields about 1,600 kWh per kWp per year. Under net billing (from 2026) energy you use as it is produced saves you the full electricity price, while energy exported to the grid is credited at a lower price.
Annual saving = self-consumed energy × electricity price + exported energy × export price. Payback = (cost − grant) ÷ annual saving. The 25-year saving accounts for 0.5% yearly degradation.
Worked example
| System size | 5 kWp |
| Installation cost | €7,500 |
| Grant | €1,000 |
| Household consumption | 5,400 kWh |
| Self-consumed share of production | 35 % |
| Electricity price you pay | 0.28 €/kWh |
| Export price (net billing) | 0.08 €/kWh |
| Yield | 1,600 kWh/kWp/year |
| Payback period | 5.4 years |
| Annual saving | €1,200.00 |
| Per month | €100.00 |
| Share of annual bill | 79.4% |
| Annual production | 8,000 |
| Self-consumed | 2,800 |
| Exported to grid | 5,200 |
| Cost after grant | €6,500.00 |
| 25-year saving (nominal) | €28,267 |
Frequently asked questions
What self-consumption should I assume?
Without a battery, households away during the day reach 25–35%. With a water heater, daytime air conditioning or a battery, 50–70%.
Is there a grant?
The residential PV grant scheme is renewed yearly with different amounts per kW and a cap. Enter the amount valid when you apply.
Related calculators
Sources and rule validity
Rules for tax year 2026 · Last verified: 2 September 2026
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