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How much does installation of solar panels cost in Serbia?

Source: eKapija

Monday, 07.04.2025.

18:17

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Illustration (Photo: Unsplash/Bill Mead)

Have you ever thought about it how solar panels can reduce your electricity bills and contribute to environmental conservation? If so, you`re not the only one. In recent years, the number of prosumers, people who are both energy consumers and producers is growing rapidly in Serbia. According to data from January of this year, more than 4,300 prosumers were registered in the Prosumer Register of Electricity Distribution of Serbia with a total installed capacity of more than 84 MW and a growing trend.

More and more citizens and entrepreneurs are recognizing the benefits of solar panels as a solution for reducing energy costs and increasing energy efficiency. However, the question remains: How much does the installation of solar panels cost in Serbia?

Solar panel installation prices in Serbia - what you need to know?

In order to get the answer to this question, it is necessary to consider several factors that influence the installation price. For example, for a solar roof-mounted system, costs will depend on a few key aspects: system size, type of equipment, type of roof and required documentation.

According to data from the website of one of the companies which is engaged in the installation of solar panels, the average installation price in Serbia ranges between 1,000 and 1,200 EUR per kW of installed power. Thus, for a 6 kW solar system, the cost would be from EUR 6,000 to EUR 7,200. This price can vary in various ranges depending on specific conditions, such as quality of equipment and type of assembly.

The cost of installing solar panels in Serbia is more favorable than in EU countries. For example, in Germany and France, the average installation price is around EUR 1,600 per kilowatt, while in Italy it is around EUR 1,300.

Cost-effectiveness of installing solar panels - what can you expect?

Once you wish to invest in a solar system, the question arises, is that investment worth it? One of the key factors which affects the cost-effectiveness of the system is the reduction of monthly electricity costs.

Average savings on electricity bills in Serbia can be between 50 and 80 EUR per month, which means that annual savings can be between 750 and 800 EUR.

If we take into account the cost of 6,000 to 7,200 EUR for a 6 kW solar system, it is estimated that the return on the investment will be possible in a period of 8 to 10 years. Of course this depends on factors such as energy consumption, roof orientation, system quality, as well as the current electricity price.

Lifespan of solar panels

The lifespan of solar panels is one of the key factors when deciding whether to invest in this technology. Most modern solar panels have an average lifespan of between 25 and 30 years, whereby their efficiency is gradually reduced. This does not mean that the panels stop working after that period, but to produce less electricity compared to the initial capacity - they usually retain around 80% efficiency even after two and a half decades of work.

Manufacturing quality, environmental conditions and regular maintenance can significantly affect the longevity of solar systems. Panels installed in areas with less extreme weather conditions and which are regularly cleaned and maintained, will last longer and maintain a higher level of efficiency over time. In addition, manufacturers most often offer multi-year guarantees.

I. Ž.

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