How you can earn money with a balcony power plant in 2023

You can earn money with a balcony power plant via the EEG feed-in tariff. The feed-in tariff was raised on January 1, 2023. Unused electricity is remunerated with 8.2 cents/ kWh. So you can earn about 41 Euro per year with a 600W balcony power plant. In the case of own use, due to the almost five times higher electricity prices, even a saving of 200 euros per year with a 600W balcony power plant is realistic.

With the advent of balcony solar power systems, homeowners and tenants have the opportunity not only to generate environmentally friendly electricity, but also to save money or even to earn. In this article, we will show you how to make or save money in 2023 with balcony solar power systems. From feeding excess electricity into the grid to using solar energy for your own consumption, there are several ways to profit from this sustainable energy source. Let's dive into the details and find out how you can get the most out of your balcony solar power system and make money with balcony power.

1. balcony power plant earn money: Feeding surplus electricity into the grid

What you can learn here

1. balcony power plant earn money: Feeding surplus electricity into the grid
2. better: own consumption of the generated electricity to be able to earn money with the balcony power plant.
3. balcony power plant earn money: Take advantage of subsidy programs and tax benefits
4. alternative to earn money with the balcony power plant: Renting unused space
Balcony power plant earn money: Conclusion

If your balcony solar power system generates more electricity than you can consume yourself, you have the option of feeding the excess electricity into the public grid. This is usually done through a feed-in contract with your energy provider. The surplus electricity is then purchased by the energy provider and you receive compensation for the energy fed into the grid. This feed-in tariff varies depending on the connection date of the system. Unused electricity remunerated at 8.2 cents/ kWh since January 2023.

2. better: own consumption of the generated electricity to be able to earn money with the balcony power plant.

A better way to save money with your balcony power plant is to use the electricity you generate yourself. Instead of feeding all the electricity into the grid, you can use some or even most of the electricity directly in your household. This reduces your need for grid electricity and thus lowers the Electricity bill.

Therefore, plan the consumption of electrical devices such as Washing machines, dishwashers or electric heating systems when the sun is shining to maximize self-consumption. By using your own clean electricity, you can not only save money, but also reduce your environmental footprint. Based on the average electricity price of 30 to 40 Ct/kWh, a 600 W balcony power plant will save you about 200 euros a year in electricity costs. This plant costs about 800 euro and thus pays for itself after only 4 years.

3. balcony power plant earn money: Take advantage of subsidy programs and tax benefits

Some states have additional incentive programs for the purchase of balcony power systems. Learn about the various financial incentives available to you when purchasing and operating a balcony solar power system.

Be sure to understand the requirements and application procedures for each program and submit all required documentation in a timely manner.

4. alternative to earn money with the balcony power plant: Renting unused space

If you have additional unused space on your balcony, there is an opportunity to rent this space to other households or businesses interested in installing solar panels. Renting out the unused space provides an additional source of income and allows others to reap the benefits of solar energy, even if they do not have enough space to install their own. Set up a clear lease agreement that regulates the rights and obligations of both parties.

Balcony power plant earn money: Conclusion

In 2023, balcony power plants offer homeowners and renters the opportunity to earn or save money while generating your own environmentally friendly electricity.

If you use the electricity yourself, the balcony power plant pays for itself after about 4 years. If you feed it into the grid, this period is extended to about 15 years.

From feeding excess electricity into the grid to using solar energy for self-consumption, there are several ways to benefit from this sustainable energy source. Each of these offers financial benefits and also contributes independently to the promotion of renewable energy.

Learn about programs and regulations in your state to get the most out of your balcony solar power system and create a greener future.

Cheap offers to Balcony power plants can be found at companies like Anker. Here you can currently get the 600 W balcony power plant for less than 800 euros.