Financing PV installations through consumer leasing becomes more and more popular

The prosumer energy sector in Poland has recorded a surge in growth in recent years – the number of prosumers has jumped within six years from approx. 4,000. to over 740,000. This is mainly due to photovoltaics and home PV micro-installations, the purchase of which is supported by government programs. And although most experts indicate that the amendment to the RES Act adopted at the end of last year may weaken the profitability of such investments, it is not likely to stop the development of this market. Especially since a new form of financing photovoltaic panels is developing in Poland – consumer leasing, which may increase the availability of this investment.

"The new regulations changing the settlement of prosumers, which will enter into force on April 1 this year, will surely slow down the increase in the number of new PV installations a bit. However, it will not be a complete stop. Growing environmental awareness makes customers want to invest in photovoltaics. Also rising prices. electricity increase interest in this topic and energy storage will develop all the time. Therefore, we estimate that the market will slow down a bit, but it will continue to function. It will also revive the market of small and medium-sized enterprises because for them these new regulations will be quite beneficial," Paulina Ackermann, managing director of Otovo, a company that offers consumer leasing for solar panels, forecasted.

"Poland is one of the fastest developing countries in Europe in terms of the increase in the number of photovoltaic installations. For example, in 2019, over 100,000 were installed in Poland, in 2020 it was already over 300,000, and in the previous year – over 350,000. In comparison, in Spain, a country with greater solar potential and more inhabitants than Poland, only around 40,000 photovoltaic installations were installed last year," Paulina Ackermann added.

(Newseria)