Peterson's Real Estate Blog

Kefalonia Off the grid

Kefalonia Off the grid?

 

Climate change is real!

We now know that man-made climate change is real and that it poses a great threat to the planet and its inhabitants. Current data suggest that we need to reduce greenhouse-gas emissions in developed countries by at least 80% by 2050 in order to have a chance of staying below an average temperature rise of over 2ºC.

 

Off the grid is to live autonomously without reliance on a utility for power. That also means zero gas emissions and our part in protecting the environment, giving our planet a chance and offering to the next generation a possibility for a better and more sustainable future.

 

Recent European legislation is urging its citizens to consider alternative power options, like solar energy. These options now are more and more affordable, easy to install and contributing to the big cause of eliminating greenhouse gas. Last but not least, a full Photovoltaic system is lowering drastically annual running costs and offering an added value in case of selling that property.

 

Case Scenario of a PV on a 3 bedroom villa in Kefalonia

Annual  energy consumption in KWh: 11.500

Consumption analysis: Heating 3.000KWh, General 7.000KWh, Car 1.500KWH

Greek Network price €/KWh: o,173

Annual  energy consumption in €: 11.500×0,173= €1.989

Annual CO2 emissions  Standard house: 11,7tn

Annual CO2 emissions  self – sufficient home: 0

Installation cost of a 8KWp PV system: €12.500

Investment depreciation: 6,3 years

Photovoltaic life expectancy: 25 years.

 

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