SP, PA and MT lead financing of photovoltaic systems in the 3rd quarter

Data is part of a mapping carried out by the Meu Financiamento Solar platform
SP, PA and MT lead financing of photovoltaic systems in the 3rd quarter
Municipalities in São Paulo for 14,8% of total credit acquisition in the 3rd quarter. Photo: Freepik

Recent increases in electricity bills and the greater availability of solutions for financing solar energy kits in Brazil have increased the volume of credit contracts taken out by Brazilians to install photovoltaic s.

According to the platform's balance sheet My Solar Financing, a company specialized in financing for photovoltaic projects for the self-generation of solar energy, consumers in the state of São Paulo lead the hiring for the implementation of photovoltaic systems on roofs and small plots of land.

According to the mapping, people from São Paulo for 14,8% of the total credit acquisition on the platform in the third quarter of this year. Next, the ranking includes the states of Pará and Mato Grosso, with 12,2% and 8,3%, respectively (see top 5 states below).

São Paulo is a leader in solar self-generation among Brazilian states, ing the highest installed power of the source on rooftops, small businesses and land. 

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According to data from ANEEL (National Electric Energy Agency), the region has 4,6 GW in operation through 486 thousand connections installed in all 645 municipalities in São Paulo.

Since 2012, solar power generation has attracted R$21,8 billion in investments to São Paulo, created more than 138 jobs and raised R$6,5 billion for public coffers, according to estimates from the ABSOLAR (Brazilian Association of Photovoltaic Solar Energy). 

Pará has just sured 1 GW of installed power of photovoltaic systems on roofs, facades and small plots of land, with more than R$4,9 billion in accumulated investments in solar power generation. 

Currently, self-generation of solar energy already supplies more than 130 thousand consumers in Pará. The region has more than 102 thousand operational photovoltaic connections, spread across 143 cities (99,3% of the total).

In the case of Mato Grosso, the state has more than 2 GW of installed power in the DG (distributed generation) modality. The region has more than 154 thousand operational connections, spread across all 141 cities in the region. 

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Since 2012, this modality has already attracted R$9,5 billion in investments to Mato Grosso, created more than 62 thousand jobs and raised more than R$2,9 billion for public coffers.

For Carolina Reis, director of Meu Financiamento Solar, solar energy is accessible to all consumer profiles, with credit offers being a determining factor in the democratization of technology among Brazilians. 

“The exponential growth in the use of solar energy in homes, businesses and rural properties, especially in the last two years, is linked to increasingly simplified financing solutions, as well as the drop in the price of solar kits and high electricity tariffs. in Brazil”, said the executive.    

TOP 5 states with the most solar system financing in the 3rd quarter

  • Sao Paulo – 14,8%;
  • Pará – 12,2%;
  • Mato Grosso – 8%;
  • Bahia – 7,1%;
  • Pernambuco – 6,9%.

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Photo by Henrique Hein
Henrique Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

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