Is Solar Energy cheaper than the Diesel Fuel generator?
It is no wonder that solar energy has been gaining a lot of momentum and interest among people in Lebanon. It is a sustainable and environmental-friendly energy solution. But does it make economical sense? is it cheaper?
The ministry of water and energy issues every month a public pricing for the kWh (kilo-watt hour), for diesel fuel generators, which is the energy measure internationally used and billed with.
It varies with the price of fuel and last month it was set at 240 Lebanese pounds which equals to 16 cents.
Our solar solution can vary from 9 to 14 cent per kWh. So yes it is definitely cheaper.