Solar Company in Yemen | Solar EPC Companies in Yemen | Solar
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Rassam paid about 50 million Yemeni rials (around $90,000 based on the unofficial market exchange rate) for his system, which is considered large by local standards. The average cost of an array is around $10,000. Rassam financed the solar panels with a loan from Al Kuraimi Islamic Bank, one of the country's largest private lenders.
According to studies by the U.S. Department of Energy, the all-in cost of a home solar panel system is between $2.74 to $3.30 per watt. 1,2,12 This figure includes the solar panels, the installation, and other expenses.
The migration to solar power is part of what researchers say is an energy revolution in the country of 28 million, where the electric grid has been decimated by fighting. More than 50 percent of Yemeni households rely on the sun as their main source of energy, and solar arrays power everything from shops to schools to hospitals.
The price of solar panels changes depending on where you live, but the average for installation is just under $29,000 or $2.75 per watt. On the high end, we talked to a solar customer in Hawaii who spent $100,000 going solar. Dion in Nevada said their 10-kW system cost about $20,000, which is about the national average price for a 7-kW system.
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