Price of photovoltaic panels installed on roofs in Latvia

Why did PV systems increase in Latvia in 2022 & 2024?

Share of PV systems installed capacities. In Latvia, the installed solar photovoltaic (PV) capacity in single-family homes significantly increased in 2022 and 2024. This growth was largely driven by the availability of state support programs, the introduction of a net metering system, and rising electricity prices .

Can rooftop PV installations support the energy transition in the Baltic states?

Considering the above, the Baltic States have significant technical potential for rooftop PV installations to support the energy transition. EU policymakers have highlighted renewable energy communities as a key driver of this transition, as they promote citizen participation and local control over renewable energy decisions .

How many solar PV installations are there in the EU?

In that year alone, 56 GW of solar PV were installed in the EU, with two-thirds of these installations on rooftops, empowering consumers and protecting them from high electricity prices while reducing land use.

Does Estonia have a rooftop PV system?

In Estonia, only one organization with CEC status operates a rooftop PV system (13 kW) on an office building, while Latvia has no operational energy communities yet. The focus was drawn to the roofs of residential multi-apartment buildings as the most accessible place for residents for the possible organization of CEC.

How much LCOE does a rooftop PV system cost?

Economic assessment of rooftop PV systems in Baltic States' multi-apartment buildings using Monte Carlo simulations. Projected LCOE for PV systems by 2050 ranges from 0.08 to 0.09 EUR/kWh at a 6 % discount rate, highlighting CAPEX sensitivity.

Can rooftop photovoltaic systems be used in multi-apartment buildings?

The study evaluates the LCOE for rooftop photovoltaic (PV) systems in multi-apartment buildings in the Baltic States, focusing on cost projections up to 2050. Using Monte Carlo simulations and stochastic modeling, the research incorporates key economic parameters such as CAPEX, OPEX, and discount rates to assess future LCOE trends.