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🇨🇾 Solar Calculator Cyprus

Enter your monthly electricity bill and city — get solar system size, EAC net metering credits at €0.30/kWh retail, RES-NEW grant estimate, and payback period. Cyprus offers some of the fastest solar payback in the EU.

Your electricity details
€EUR
Solar system results — Cyprus
5 kWp system — 1606 kWh/kWp/yr
Among the fastest solar paybacks in the EU — typically 4–6 years
Monthly kWh usage400 kWh/mo
Annual solar production8.030 kWh/yr
Self-consumption savings (€0.30/kWh)€1.084/yr
EAC net metering credit (retail)€1.325/yr
Total annual benefit€2.409/yr
System cost range€5.500 – €7.500
RES-NEW grant estimate (€375–1000/kWp)€1.875 – €5.000
Payback (without grant)2.7 years
Payback (with RES-NEW grant)1.3 years
25-year net savings€53.725
RES-NEW grants: Cyprus's RES-NEW programme offers grants of €375–1,500/kWp for residential solar. Commercial systems may receive different rates. Check the current programme at the Cyprus Energy Regulatory Authority (CERA) or the Ministry of Energy. Applications must be submitted before installation begins.
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How to Use This Calculator

Enter your monthly bill and city

Enter your average monthly electricity bill in Euro from EAC (Electricity Authority of Cyprus) or your private supplier. Cyprus has some of the highest electricity retail prices in the EU — around €0.30+/kWh — which, combined with exceptional solar irradiance, creates the fastest solar payback conditions in the European Union. Select your city: Paphos (5.7 PSH) is the sunniest location, closely followed by Limassol and Famagusta (5.6 PSH). All Cypriot cities are excellent for solar — even Nicosia and Larnaca at 5.5 PSH significantly exceed southern Spain.

Set system size and EAC net metering

Select your system size in kWp. Typical Cypriot residential installations are 5–10kWp; villas and larger properties often install 10–20kWp. Enable EAC net metering if you have applied or plan to apply for the scheme — this credits surplus solar electricity at the full retail rate of €0.30/kWh, significantly improving economics. Without net metering, exported electricity is credited at a much lower rate.

RES-NEW grant programme

The RES-NEW grant programme offers €375–1,500/kWp for eligible solar installations in Cyprus. The calculator shows the estimated grant range based on your system size. Always check the current programme status with the Cyprus Energy Regulatory Authority (CERA) or the Ministry of Energy, Commerce and Industry — programmes open and close based on EU funding availability. Applications must typically be submitted and approved before installation begins.

The Formula

Monthly kWh = Monthly Bill ÷ €0.30/kWh (EAC retail rate) Annual production = kWp × PSH × 365 × 0.80 efficiency Self-consumption = Annual kWh × 45% Self-consumption savings = Self-consumed kWh × €0.30/kWh retail EAC net metering = Exported kWh × €0.30/kWh (retail credit) RES-NEW grant = kWp × €375–1,000/kWp (residential estimate) System cost = kWp × €1,100–1,500/kWp (installed) Payback = System cost ÷ Annual benefit (typically 4–6 years)

Cyprus's legal framework for solar is governed by the Electricity Authority of Cyprus Law (Cap. 171) and the Renewable Energy Sources Law (RES Law). The net metering scheme allows systems up to the contracted capacity of the EAC connection. The RES-NEW programme is EU-co-funded through the Recovery and Resilience Facility. Cyprus has set a 23% renewable energy target by 2030 — the highest renewable growth requirement of any EU island nation, creating strong policy support for residential solar adoption.

Example

Andreas — Nicosia home, 5kWp with EAC net metering

Andreas pays €120/month for his home in Nicosia. He applies for EAC net metering before installing a 5kWp solar system.

Monthly bill€120
City / PSHNicosia, 5.5 PSH
System size5 kWp
EAC net meteringYes

Result

Annual production~8,030 kWh/yr
Production per kWp~1,606 kWh/kWp/yr
Self-consumption savings~€1,084/yr
Net metering credit~€1,324/yr
Total annual benefit~€2,408/yr
System cost~€5,500–7,500
RES-NEW grant range~€1,875–5,000
Payback (no grant)~2.7 years
Payback (with grant)~1.9 years
25-year net savings~€53,700

Cyprus's combination of 5.5 PSH solar irradiance, €0.30/kWh retail electricity, and EAC net metering at retail rate creates some of the best solar economics in the world for a grid-connected EU market. A 5kWp system covers more than the entire annual electricity consumption of a typical Cypriot home (~4,800 kWh/yr), with significant export credits generated.

FAQ

Cyprus consistently ranks as one of the top EU countries for solar payback, alongside Malta and southern Greece. The combination of 5.5–5.7 PSH (highest average in the EU), €0.30+/kWh retail electricity (among the EU's highest for an island nation), and EAC net metering at retail rate creates payback periods of 4–6 years for typical systems — and even less with RES-NEW grants. For comparison: Germany averages 3.8 PSH and €0.31/kWh (similar electricity cost but less sun), Spain averages 5.0 PSH and €0.25/kWh. Cyprus's sun-price combination is exceptional.
To access EAC net metering: (1) Contact EAC before installation to confirm your connection capacity allows the desired system size. (2) Submit an application to EAC with technical specifications of the proposed system. (3) Receive EAC approval. (4) Install the system through a licensed installer. (5) EAC installs a bidirectional smart meter at no cost. (6) Surplus production is credited monthly to your account at the retail tariff rate. Annual surplus credits not offset by consumption are settled — check the current settlement rate with EAC. Applications are not automatic — do not install before receiving written approval.
RES-NEW (Renewable Energy Sources — New Installations) is a grant programme by the Cyprus Ministry of Energy, funded through the Recovery and Resilience Facility. It offers grants of €375–1,500/kWp for solar PV installations, with higher rates for smaller residential systems. The programme has run in multiple rounds — check whether a current round is open at the Ministry of Energy website (mcit.gov.cy) or through CERA (Cyprus Energy Regulatory Authority). Critical rule: applications must be submitted and approved before signing an installation contract. Retroactive applications are not accepted.
Yes — solar panels lose efficiency at high temperatures. Modern panels have a temperature coefficient of approximately −0.35%/°C above 25°C (STC). In Cyprus, summer temperatures regularly reach 35–42°C, and panel surface temperatures can exceed 60–70°C. This reduces output by 10–15% during peak summer hours compared to rated capacity. However, Cyprus's exceptional irradiance compensates: even accounting for temperature losses, annual production at 5.5 PSH with a 0.80 system efficiency factor is calculated conservatively. Premium Tier-1 panels from manufacturers like LONGi, JinkoSolar, and Canadian Solar with low temperature coefficients perform best in hot climates.
Yes — battery storage is increasingly popular in Cyprus, particularly given the island's vulnerability to power outages during storms and high summer demand peaks. A 5–10kWh home battery (e.g., BYD, Pylontech, or Tesla Powerwall) paired with a 5–10kWp solar system can provide full overnight power from solar generated during the day. Note that battery systems may affect EAC net metering eligibility or calculations — confirm with EAC before adding storage. With a battery, self-consumption rates can rise from 45% to 70%+, increasing savings further and reducing dependence on grid credits.

Related Calculators

☀ Solar Panel Calculator
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🔋 Solar Battery Calculator
Size a home battery for self-consumption maximization.
📈 Net Metering Calculator
Calculate net metering credits and annual settlement value.
⏳ Solar Payback Calculator
Detailed payback period and ROI calculation.

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