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MiSolar answer: How to pay €0 bills with solar panels

MANY people are asking us if it is really possible to get an electricity bill of €0?

And the answer is YES, but we believe it is very important to explain the

WHAT’S A SOLAR FEED-IN TARIFF?

A new law on self-consumption of solar energy was published on Apri 5, 2019 in Spain’s national bulletin.

THE NEW RULE WAS THIS:

Excess kWh you send into the national grid should accumulate as credit and be discounted from your electricity bill at the end of the month. You should be ‘paid’ for the electricity you produce but don’t consume.

This is called a ‘feed-in tariff’ and the two most important figures in a contract are:

1. The price you pay for energy from the grid (in 2022 this reached a high of €0.40 per kWh) different steps that are necessary to get there. And it doesn’t mean a bigger financial investment. Read on and we’ll explain.

2. The price you are ‘paid’ for energy given to the grid (between €0.05 – €0.18 per kWh) NOTE – with a feed-in tariff you still pay a standing charge that covers contract costs, service costs and taxes.

Every month the count starts all over again and if you sell more than you use, that extra is kept by the electricity company MiSolar is used to installing solar panel systems that cut a client’s electricity bill down to only the fixed charge of €15-40 per month by offering the best feed-in tariffs on the market. However, the complaint against feed-in tariffs is this: you can never get your bills to €0. But there is a new deal with which we can bring the bill down to almost €0.

THE DEAL IS CALLED A ‘VIRTUAL BATTERY’

But what’s a virtual battery in Spain? How do they work?

Here are three of the most important features:

1. A better rate – suppliers credit the kWh you export to the grid with the best possible price.

2. No standing charges – your excess energy can cut the standing charges down to €0

3. Excess energy is saved in a ‘wallet’ as credit – if you reduce your electricity bill to €0 in a month by using that credit, then any extra credit is saved in your account and will be used in the following months.

VIRTUAL BATTERIES ARE GAME-CHANGING

● They mean you can design a system that stores up credit in your wallet which you will use to pay future bills.

● It means thousands of homeowners who don’t live full-time in Spain can get a cost-effective solar panel system.

● If you live here full-time, then the rightsize system can get your bills down to €0 or close to €0.

● We’ve been watching the virtual battery closely and are now offering it to solar panel clients in Spain.

Have you protected your family in the correct way?

THE first question should be – have you taken out Life Insurance? You may have a Mortgage Protection policy, which means on your death the mortgage will be paid.

But of course, this has nothing to do with providing your family with some financial security when they really need it, whereas life insurance provides a payment to your family, to cover funeral costs, inheritance taxes, etc. Mortgage Protection is a good policy to have, as it will pay off any mortgage you have on your house, keeping your family secure in their home.

For example, Mortgage Payment protection, up to €100,000 of cover for a 50-year-old, can be as little as €305 per year.

areas of the Murcia region at €110, while inland mountainous destinations like Asturias and Castilla y Leon, come in at around €114 to €115.

Popular tourist areas like Andalucia and the Valencian Community are reporting average prices of €141 and €134 respectively.

The most expensive summer season prices are €253 per night in the Balearic Islands, followed by Madrid on €180 and the Basque Country with €178.

Domestic

Most of the Holidu holiday home reservations - 66%have been made by domestic travellers, maintaining an upward trend which started during the Covid-19 pandemic Foreign bookings are led by Germany with 12%, France with 8% and the United Kingdom at 4%.

But for fuller coverage you should look into a life policy. You can tailor a policy to your own requirements and create a bespoke life insurance – whether to cover the initial costs incurred on your death or provide your family with a lump sum to provide for their future.

For example, life cover of €50,000 for a 50-year-old, can be as little as €155 a year.

You do need to be resident in Spain for these policies and there will be a simple health/medical questionnaire that you will need to complete online.

These policies are available with monthly direct debit payments, and our policies will be in English.

I understand that when you go to the bank, they will try to sell you life insurance, both for yourself and your mortgage. Be careful as they tend to be more expensive and you are unable to tailor these policies for your own particular needs.

Alongside the life policies, we can provide various Accident Policies to give you protection throughout your life and provide support should you sadly experience a life changing accident.

FOR MORE INFORMATION OR A QUOTATION, PLEASE CALL ONE OF MY OFFICES, EMAIL INFO@ JENNIFERCUNNINGHAM.NET OR VISIT THE WEBSITE WWW.JENNIFERCUNNINGHAM.NET

But we only work with trusted partners that pay a fair rate.You might be wondering if it’s worth installing solar panels on your property in Spain.

If you’ve looked at feed-in tariffs you might have felt cheated that you’re credited less than half the price you’re charged for energy. But paying close to €0 each year for electricity is now a reality thanks to the virtual battery. If you want us to help you with the switch to the virtual battery, we can do it for you.

We hope this article helps you to understand better the amazing world of solar panels. So, what next? If you’re interested in going solar after reading this article, we have a special offer for OLIVE PRESS readers like you. Simply use the coupon code ‘OLIVE 10’ when you contact us for a solar consultation and you’ll receive a free survey of your property’s solar potential, plus a direct discount of €250 off your solar installation. This offer is available for a limited time, so don’t wait to make the switch to solar and start enjoying the benefits of clean energy for your home or business.

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