Italy is one of the leading solar photovoltaic electricity consuming countries in the world. It is also among the largest markets for
, where it is second only to Germany. Photovoltaics represent one of the renewable energy sources the country relies the most on. Italy has registered a seven-fold increase in the
since 2010, reaching over 1.2 million in 2022. That year, Lombardy and Veneto were the regions contributing the most to this sector’s growth. Together, they account for over 30 percent of the
.
Price of solar PV systems in Italy
As the sector expanded, the number of companies operating along the photovoltaic chain increased and the installation price of solar photovoltaic systems fell accordingly all over the world. This trend was also visible in Italy, where the
price of residential,
commercial, and
ground-mounted PV systems decreased considerably, with the most significant decrease seen between 2011 and 2013. The
price of photovoltaic modules dropped as well, from an average of 2.5 euros per watt in 2009 to 0.3 euros per watt in 2020. However, solar system prices increased in 2021 and 2022 after the COVID-19 pandemic, following the disruption of the supply chain of solar panel components produced in China.
Economic impact of Italy’s PV sector
Against this background, it is interesting to observe also the economic outcomes that the development of the photovoltaic sector brought. Several KPIs, such as primary market value,
investments, and value-added reveal that photovoltaics is a cornerstone of the Italian energy strategy. Undoubtedly, PV technology has great potential in terms of economic and environmental impact. Solar power is deemed the
energy source of the future by Italian people, and their
energy choices are certainly decisive. However, consumer behavior is affected by external factors too. In this case, governmental institutions play a crucial role in their decisions about incentives and simplified procedures to foster the usage of solar energy.
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