Is it cost-effective to buy outdoor power supply in Spain

This will be determined by several factors, not least if you go for an on-grid or off-grid installation. You should expect the lowest priced off-grid installation to cost around 5,000 euros for solar panels in Spain. This kind of system would be suitable for a small home with between two and three bedrooms.

Spain's electricity market is dominated by 3 main suppliers: Grupo Endesa, Iberdrola & Gas Natural Fenosa. Combined the 3 electricity suppliers account for an estimated 50% of the Spanish electricity market. While still highly concentrated, a number of smaller electricity suppliers have entered the market since deregulation in 1998.

In fact, in 2021, the solar capacity for private properties in Spain increased by 102%. With the recent rise in energy costs, this trend is only set to continue. Once fitted, the initial outlay for purchasing and installing the solar panels can be recouped on the savings you will be making each year.

This is especially true given that the cost-of-living crisis means that energy bills are higher than ever in Spain, so having your own cost-effective energy source attached to your home might be an added incentive to take the plunge and research solar panels in Spain. How much will they cost? What are the pros and cons of installing them?

You will need to choose an electricity supplier when setting up utilities in Spain. If you purchase a property that already has power connected and don't want to change suppliers, you have to contact the supplier and give them the details of the new person paying the bills.

By 2026, nearly 29.3 gigawatts will have been installed in Spain, making Spain the second country in Europe with the most solar power. Such an increase is not surprising, given the number of sunshine hours in this country and the various incentives that have been implemented to facilitate the energy transition in homes and businesses.