Leading Clean Energy Solutions in Vietnam and Beyond
Pioneering clean energy solutions in Vietnam, empowering businesses and communities with sustainable innovations for a greener future.
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FAQs
How much can I save on electricity bills with solar panels?
Savings depend on your system size, energy consumption, and electricity tariffs. On average, businesses and households with rooftop solar can reduce electricity costs by 10–50%, with a potential return on investment (ROI) within 3-5 years.
What are the government incentives or subsidies for solar installations?
Vietnam offers other benefits like tax incentives, net metering, and direct power purchase agreements (DPPA) in some cases, enabling you to sell surplus electricity back to the grid.
How long will it take to install a solar power system?
The installation process typically takes 3–6 months for larger commercial or industrial systems, depending on the complexity and size of the project.
How much does it cost to install a solar power system in Vietnam?
The cost of installing solar in Vietnam varies depending on the system size, type, and quality of components. For Commercial and Industrial Solar Systems its average costs range from $400 to $600 per kW, as larger systems benefit from economies of scale.
What financing options are available for solar installations in Vietnam?
Powervest is Solarvest’s innovative financing program designed to help businesses adopt solar energy with zero capital expenditure through a Power Purchase Agreement (PPA) or equipment leasing contract. It provides flexible financing options, including co-investment and leasing models, tailored to fit your company’s financial needs and maximize returns on renewable energy (RE) investments.
What is a Direct Power Purchase Agreement (DPPA)?
Vietnam’s direct power purchase agreement (DPPA) decree allows renewable energy developers to sell electricity directly to consumers. It facilitates the direct sale of rooftop solar and other renewable energy sources via both private transmission lines and the national grid.
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