How much does solar energy cost in Lebanon?

Still, the cost of solar energy remains more advantageous, at $0.06 per kWh without batteries, and between $0.25 and $0.30 when including the cost of battery storage. With EDL’s setbacks in providing power, combined with rising generator tariffs, solar energy installments in Lebanon have seemed like good news on the surface.

Are solar panels a real thing in Lebanon?

But on the ground, the reality is much more complex, according to Philippe al-Khoury, co-founder of ME Green, a Lebanese company founded before the crisis that specializes in installing solar panels. The company is present in Lebanon as well as in some European and African markets.

Why are people rushing to install solar panels in Lebanon?

A solar panel installation in Bikfaya, north of Beirut. (Photo courtesy ME Green) Faced with simultaneous energy, economic and financial crises, and with little to no provision of state electricity, many people in Lebanon are rushing to install solar panels.

How much money has been invested in solar energy in 2021?

Between 2021 and the end of 2022, $350 million were invested in the private sector for new 250 megawatt-maximum solar energy systems, in addition to existing 100-megawatt systems, according to Pierre Khoury, president of the government’s Lebanese Center for Energy Conservation (LCEC).

How long do inverters last in Lebanon?

Many inverters imported to Lebanon have a life span ranging from three to 10 years. Apart from the financial losses, premature wear and tear also pose an environmental problem, as there is no real industry in the country that specializes in the recovery or recycling of such components.

How much do Lebanese pay for generators?

Last Wednesday, at a conference held in Beirut as part of the Middle East Green Energy trade show, caretaker Energy Minister Walid Fayad said that the Lebanese are currently paying $0.55 per kilowatt hour (kWh) for generators when they apply the ministry’s official tariffs.