Free Solar

Households and businesses can generate clean renewable energy and reduce electricity bills by eliminating up to 100% the cost of electricity supply for over 25 years. This is possible through net-metering for households and virtual net-metering for energy communities. Net metering is a billing mechanism that offsets power consumed with power produced by a photovoltaic system at a specified period. A residential photovoltaic system during daylight hours produces solar electricity, a part of which is consumed on site instantly and the rest is “stored” to the grid for later use.

During the day, most solar customers produce more electricity than they consume; net metering allows them to export that extra power to the grid which is then credited to the customer for future use. At the end of a given period of time the offset is made between the total energy that has been produced and consumed. This clearing process offsets all the electricity supply charges for the power that has been produced and consumed. It also offsets some of the regulated tariffs (mainly the grid tariffs) for the part of the electricity that you consumed on site. Therefore after the clearing process, the cost of the supply charges and a part of the regulated tariffs have been removed from your bill.

Through its peer-to-peer investment platform, Genervest will let investors – big and small – invest in FREE SOLAR to cover the capital expenditure of the solar PV installation which you can repay at your ease with the savings from your electricity bill once the solar system is operational! You can become a climate hero, join the energy transition, and enjoy the benefits of clean energy in your everyday life.

It depends on the size of the PV system that fits your energy consumption profile and your available rooftop space. For example, a solar PV system covering the needs of an average household in Greece, can generate savings around EUR 800-900 per year.* Once your application is processed by us, you will know the amount of money that you can save from your electricity bill. During the first years, the bigger part of your savings will be used to repay the investment. But don’t worry, we want you to have more money in your pocket from day one! This means that the payments will cost less than your savings. On average, the repayment period will be around 8-9 years. After that and until the end of the 25-year contract with the grid operator (DEDDIE), all the money will go into your pocket!

*The figures mentioned above are indicative and are based on the profile of an average consumption of about 5,000 kWh per year with a residential PPC tariff (Γ1) at an average 25-year cost of supply of 0.15 € / kWh. An estimated payback period of the investment using own funds is about 7 years. Periods with higher electricity rates (such as the current one) bring greater financial benefit and a faster payback period. Likewise, higher consumption and / or more expensive tariffs (e.g. commercial tariff) bring equally greater financial benefit and faster payback time. Learn more about net-metering and see specific examples here (in Greek).

It can take from 3-9 months for a system to be fully operational. Once the equipment is installed and DEDDIE has connected you to the grid, the PV installation will generate FREE Solar electricity for you.

FREE SOLAR can help residential consumers, small businesses, industries, energy communities, Municipalities and farmers to finance the installation of a solar self-consumption system.

Our aim is for FREE SOLAR to cover all of Greece in order to facilitate the financing of tens of thousands of households and small businesses. Soon FREE SOLAR will open up for other regions of Greece. If you don’t live in Thessaly but would like to express interest for the near future, you are more than welcome to apply.

You must have your name on a utility bill and provide us with some basic information about your household or business. We will then contact you to discuss the best solution for your needs. After that, a solar installer from our network will come to your home and conduct a roof audit to determine whether you are eligible for financing.

Yes, we will connect you to a Solar Energy producing Energy Community in your region, assist you in self-financing the cost of your connection, and provide you with the same benefits as having a solar PV system on your rooftop even if you move, as long as your house is in the same region!