Net metering: Energy cost reduction programs by Piraeus Bank

Piraeus Bank announced the expansion of its services in order to support investments in “green” energy modernization that gives companies the possibility of energy autonomy and consequently reduction of their energy costs.

More specifically, Piraeus Bank offers a comprehensive financing program for the purchase and installation of Photovoltaic Systems for Self-Production with Net Compensation (net metering). Funding can be up to 80% of the cost of the installation for up to 8 years.

What is net metering

Self-generating energy is an important tool for energy autonomy and reducing the energy costs of businesses while delivering significant benefits to the environment. It offers a strategic advantage in controlling operating costs, reducing production costs and enhancing competitiveness, while at the same time providing a substantial modernization and green transition intervention.

The maximum power of the system amounts to 100% of the agreed power of the company’s supply, with a limit of 3MW (for the interconnected system and Crete).

Through the financial program, companies with significant cooling-heating needs, energy-intensive machines in industrial production can benefit, while this system can have particular benefits for tourist units.

The system can be installed in the same or adjacent space with the consumption installation to which it corresponds and in particular can be installed on a roof, in an uncovered plot of land or on an adjacent plot – with the possibility of electrical connection to the main supply.