With the continuous development of technology, many consumer goods used in people's daily lives have been updated and replaced, which has indeed brought great convenience to our lives and improved our sense of happiness.
During this period, a new product also came into people's sight, which was the "balcony photovoltaic" that appeared at the German International Photovoltaic Exhibition.
After seeing this product, many industry insiders also showed great interest in it and seemed to have a corresponding desire to invest. So what is the so-called 'balcony photovoltaic' and can it open up the next 'trillion dollar market'?
1. What is balcony photovoltaic
Simply put, this device is like the outdoor unit of an air conditioner. As long as it is installed on our balcony and plugged into a power outlet, it can form a small household power plant.
Nowadays, this device has been widely popularized in offline supermarkets and online network platforms in Germany.
According to relevant data, there are currently approximately 230000 plug and play photovoltaic power generation devices in Germany, of which 137000 were only put into use this year. So, can the electricity provided by this device meet the daily electricity needs of the local people?
According to relevant surveys in Germany, the 360 watt balcony photovoltaic systems installed in the south can provide approximately 280 kilowatt hours of electricity per year.
Such a large amount of electricity is roughly equivalent to the annual power consumption of a refrigerator and a washing machine in a two person household. From this perspective, the practicality of this device is still very high.
2. Is the price expensive?
We need to be clear that the electricity pricing in Europe is still very high, after all, most European countries have small land areas and limited natural resource reserves. Raw materials for thermal power resources such as coal rely more on overseas imports, and coupled with limited land area, they are not suitable for large-scale wind or hydropower systems.
So the electricity tariff pricing in Europe is also extremely high. According to relevant data, the cost per kilowatt hour of electricity used by Germany in the second half of last year was about 42 euro cents, which is among the top in the 27 EU member states.
If calculated at this price, the electricity provided by balcony photovoltaics can reach approximately 280 kilowatt hours per year.
This means that purchasing such a device can save oneself at least a few hundred euros per year. If you buy the cheapest balcony photovoltaic product, it can recoup the cost in just two or three years, which is indeed a very favorable product.
What is more noteworthy is that in order to better promote this product, the German side exempts the photovoltaic system sold in supermarkets from value-added tax for balconies, and the exempted price can reach around 500-700 euros.
In some cities, the local government bears the majority of the cost of purchasing balcony photovoltaic systems. Families who want to purchase such equipment can first pay the full purchase price and then go to the relevant departments of the local government for tax refunds, which can reach up to 500 euros. It seems that the relevant welfare system is quite strong, and installing a balcony photovoltaic can indeed help local people achieve electricity freedom.
3. It may open up a 'trillion dollar market'
It has to be said that the balcony photovoltaic equipment developed by the German side does have multiple benefits.
Of course, there are still some people who have concerns about this type of equipment, and they are more concerned about its safety issues. After all, installing a small power station on the balcony of the home may sound like there are indeed safety hazards. So, is this type of equipment safe?
In fact, we don't need to worry too much about safety issues. According to the German Consumer Advice Center, this small-scale photovoltaic power station technology is already quite mature.
Assembling on the balcony is also very safe, with almost no malfunctions. If a malfunction occurs, simply notify the corresponding department for maintenance, and there will be absolutely no safety risks.
It seems that this device can also be used with confidence. Since this device is quite advantageous, it is likely to become one of the preferred projects in the entire European region in the future development. From a data perspective, this is indeed the case. As mentioned earlier, half of the 230000 photovoltaic power generation equipment in Germany were put into use this year.
In addition, with the strong promotion and corresponding tax exemption policies from the German side, the actual purchase price of this equipment will continue to decrease, naturally possessing a high cost performance ratio and gaining the attention of capital.
If viewed from a forward-looking perspective, this device may also have broad development prospects.