Lithuania utility solar panels

Can solar panels lower your energy bills in Lithuania?

To lower their energy bills, more and more households and companies in Lithuania are installing solar panels on their roofs, making use of the government’s subsidies. But what to do if you live in a block of flats?

Why should Lithuania invest in solar energy?

To be an active partner of society, politicians and business, creating a suitable and sustainable environment for the development of solar energy in Lithuania. We unite solar energy market players to inspire, encourage and help Lithuania to use solar energy as a clean, renewable source of energy, ensuring energy independence and a secure future.

Is Lithuania a good country for solar energy?

Lithuania has been significantly expanding its solar parks, growing from zero in early 2000s to 814 MW capacity in 2022. Lithuania is a net energy importer. In 2019 Lithuania used around 11.4 TWh of electricity after producing just 3.6 TWh. Systematic diversification of energy imports and resources is Lithuania's key energy strategy.

Does Lithuania need a new energy system?

Lithuania imports a large share of its electricity needs, while bioenergy is taking the lead in domestic energy supply. By 2030, Lithuania wants to reduce its electricity imports by half and produce 70% of its electricity needs from domestic sources. It plans to complete its synchronisation with the continental European power system by early 2025.

How much does electricity cost in Lithuania?

In June 2024, the average wholesale electricity price in Lithuania increased to approximately 91.6 euros per megawatt-hour. Between January 2021 and August 2022, electricity prices in the Baltic country grew roughly nine-fold due to the global energy crisis, surpassing 480 euros per megawatt-hour in the latter month.

Is SoliTek a good company to buy solar panels in Lithuania?

Solitek, a Lithuania-based company that is one of the biggest solar panel manufacturer in Northern Europe, has been working around the clock since last summer, and although most of its products are exported, it is now seeing increased demand in Lithuania. The company says that sometimes it is struggling to fill all the orders.