Why is 2022 the year of self-consumption?
2022 has just begun and everything seems to indicate that this year the debate on climate change will intensify. We will focus on the sustainability of our systems and especially renewable energies will reach our homes. Thanks to this increased awareness, more and more families will be interested in installing solar panels on their roofs and this will be the year of self-consumption.
Several organizations have already predicted an exponential increase in solar energy and self-consumption in the coming months and that this will be the year of self-consumption. Without going any further, the National Commission of Markets and Competition has stated that it expects the number of households with this type of installation to multiply by 3.6 – going from 58,886 to 203,105.
In addition, the CNMC points out something very interesting: the percentage of total energy consumed from self-consumption will account for 38% of the total, in many cases reaching 50% or more. This will mean considerable savings. According to studies such as the one carried out by ING TFI Consumer Research, 65% of Spaniards are willing to change their consumption habits for the benefit of the environment, but in this case their economy will also be grateful.
As we have already mentioned, buildings are responsible for 40% of the European Union’s energy consumption and, therefore, for approximately 36% of greenhouse gas emissions. It is for this reason that more and more emphasis is being placed on the energy efficiency of the buildings that are constructed. In fact, many countries already have regulations on which sources may or may not be used in new buildings.
There is no doubt that the implementation of renewable energies in the economy and also self-consumption in the home are very much on the agenda for 2022. The increase in fossil fuel prices and more specifically in natural gas prices will continue in the face of the high volatility and complexity of the current energy situation.
For the markets, it is highly likely that 2022 will be an expensive year, even if prices fall from spring onwards. This is also a reason why more self-consumption facilities will be built this year to save on consumers’ electricity bills. Even more so when, nowadays, the profitability of these systems is growing exponentially.
Long story short, society is becoming increasingly aware that our actions and consumption habits have an impact on the environment, while energy efficiency and savings are becoming more important in the face of rising prices in Europe and the world in general.
In the same way that, in the past, installing double-glazed windows was considered a good investment to improve the quality of air conditioning in homes, today self-consumption will become an investment that will make a difference both in the medium and long term.
Finally, we have to take into account an important factor: the lower costs of this technology and the greater presence of available aid for its installation. The increase in demand together with the advance of technology has meant that costs have been lowered while subsidies are increasingly present. Europe has an important plan, known as the European Green Pact, underway to, among other things, promote the development of renewable energies. In Spain, an aid plan was approved last year that will allocate 1,320 million euros to the installation of self-consumption.
In conclusion, we can say that 2022 will undoubtedly be the year of self-consumption. Everything points in the same direction, the awareness of society, the improvement of the efficiency of these installations and their cheapness… We will see if in the coming months this contributes to the much-needed energy transition.