ELECTRICITY PRICES RISE – SOLAR COSTS FALL

1. Rising electricity prices – a long-term concern for consumers

Over the past decade, Vietnam’s retail electricity prices have been adjusted multiple times, with an average annual increase of 5–7%. Each adjustment forces millions of households and businesses to struggle with rising energy costs, turning electricity expenses into an ever-growing financial burden.

Industries and services that heavily rely on electricity—such as manufacturing, processing, commerce, and logistics… are among the most affected, facing higher operating costs and reduced competitiveness.

What’s more, no matter how much consumers try to save, electricity remains an essential need for daily life and production. This raises an important question: How can we avoid being dependent on electricity prices that keep rising without end?

2. Opposite trend: Solar power investment costs drop sharply

While grid electricity prices continue to rise, solar energy is moving in the opposite direction — with costs falling dramatically.

Thanks to advances in modern manufacturing technology, large-scale production, and strong policies promoting clean energy, the cost of installing a solar power system has fallen by more than 60% compared to five years ago, while efficiency and durability have greatly improved.

Today, with a reasonable initial investment, households or businesses can own a high-quality solar system that operates reliably for 25–30 years — enjoying virtually free electricity for most of its lifespan.

3. Detailed comparison: Rising electricity prices – Falling solar investment costs

3.1. Investment Costs and Lifespan

  • National Grid: The average electricity price continues to rise each year; users must pay permanently without return on investment.
  • Solar Power: One-time investment, usable for 25–30 years. Payback period is 4–5 years, and all remaining electricity is completely free.

3.2. Supply Source and Stability

  • National Grid: Dependent on national transmission systems and infrastructure; often overloaded during peak hours or hot seasons.
  • Solar Power: Enables energy independence, operates either independently or in parallel with the grid, reducing the risk of power outages.

3.3. Economic Efficiency

  • On average, a 10kWp system can save households or small businesses 35–40 million VND per year.
  • Large-scale enterprises can save hundreds of millions of VND annually, equivalent to an additional 3–5% profit per year.
  • In addition, solar power helps reduce pressure on the national grid, especially during peak demand seasons.

3.4. Social and Environmental Impact

  • Reduces CO₂ emissions by tons each year, contributing to climate change mitigation.
  • Supports Vietnam’s Net Zero 2050 commitment.
  • Builds a “green” corporate image – environmentally friendly and sustainable.

4. Outstanding Benefits of Investing in Solar Energy Today

4.1. Install Once – Use for a Lifetime

Modern solar panels have an average lifespan of 25–30 years, maintaining over 80% efficiency even after two decades of operation.

PEC-designed systems feature a sturdy structure compatible with all roof types – from residential and office buildings to industrial factories – ensuring both safety and aesthetics throughout their use.

4.2. Fast Payback – Long-Term Profit

With optimized investment costs and stable energy output, PEC solar systems typically achieve payback within just 4–5 years. After that, all generated electricity becomes pure profit for the user.

Especially for businesses operating mainly during daytime – when panels perform at peak efficiency – the payback period can be shortened to only 3–4 years, helping improve cash flow quickly.

4.3. Smart Operation, Easy Maintenance

Thanks to the integration of advanced hybrid inverter technology and online monitoring systems, users can track energy output, performance, and operating status anytime, anywhere via mobile applications.

The system runs quietly, safely, and requires minimal maintenance – suitable for both residential and industrial environments. All parameters are optimally designed by PEC to ensure maximum efficiency, safety, and reliability.

4.4. Contributing to Environmental Protection – Moving Toward Sustainable Development

Each kilowatt-peak (kWp) of solar power helps reduce an average of 1 ton of CO₂ emissions per year – equivalent to planting more than 40 trees.

By investing in solar energy with PEC, businesses not only save on energy costs but also demonstrate social responsibility, enhancing their image as a “green and sustainable enterprise” in the eyes of customers and partners.

4.5. Increasing Property Value and Brand Reputation

A property equipped with a solar power system is not only more modern and aesthetically appealing but also has higher practical and commercial value.

For businesses, this is clear evidence of a sustainable investment mindset and leadership in green energy trends — enhancing brand reputation and attracting international partners in the global supply chain.

5. PEC – Your All-in-One Green Energy Partner for Homes and Businesses

With over 7 years of experience in the energy sector, PEC has accompanied hundreds of customers nationwide in deploying high-performance, safe, and visually appealing solar power systems.

PEC provides comprehensive solutions, including:

  • Site survey and design consulting optimized for cost and performance
  • Professional installation with high technical standards
  • Dedicated warranty and maintenance services throughout the system’s lifetime
  • Support for connection documentation and legal operation registration

We are committed to delivering clear, sustainable, and cost-effective investment efficiency, helping customers enjoy clean, safe, and reliable power sources with complete peace of mind.

act Information:

Hoa Binh Energy Construction Consulting – PEC

Address: No. 5 Street 6B, Binh Tan Ward, Ho Chi Minh City.

Mail: office@pec.vn

Hotline: 1900 98 98 91

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