How much do solar panels cost in Indonesia?

Across the world, the cost of solar panels is declining, and Indonesia is no different. The price of solar modules dropped from USD 4.12 per watt in 2008 to USD 0.17 per watt in 2020. This translates to lower costs for solar energy, which are around USD 0.04 per kWh.

Why is solar energy important in Indonesia?

The economic aspect of solar energy, particularly the cost of solar panels, plays a critical role in its adoption. This price reduction is crucial for the decarbonisation of Indonesia’s energy sector and signifies solar power’s role in the global climate transition.

What is Indonesia's solar energy plan?

This progress is part of Indonesia’s solar energy plan, which targets 5 GW of installed capacity by 2030. The growth of solar power in Indonesia reflects not just a commitment to shift away from its fossil fuel-dominated energy system but also recognises the immense potential the solar energy holds in the Indonesian archipelago.

Is solar energy a sustainable solution in Indonesia?

Growing Energy Demand: Indonesia’s rising population and expanding economy have fueled the demand for electricity. Solar energy presents a sustainable solution to meet the increasing energy needs while reducing dependence on imported fossil fuels.

What is Indonesia's solar energy capacity?

The capacity of solar energy in Indonesia is steadily climbing. With total capacity reaching over 322.6 MW as of the first half of 2023, this is an increase of over 800% in the last 10 years. This progress is part of Indonesia’s solar energy plan, which targets 5 GW of installed capacity by 2030.

Why should you choose solar panels in Indonesia?

Solar panels in Indonesia are now more affordable than ever, making it both financially and environmentally attractive. By using solar power you can save on your electricity bills and reduce your CO2 emissions at the same time! It is also a great way to be energy-independent, shall you decide to go with an off-grid solar system.