9 Key Steps to Owning Your Own Solar Power Plant

Photo-illustration: Pixabay

Here you will find some useful tips to help you make the right decision if you are considering installing solar panels on the roof of your building. Below you will find a list of things you need to do to produce more affordable, green kilowatts. You will need to participate in all preparatory phases of the project to build a solar power plant.

For this reason, we suggest that you carefully review these instructions and please bear in mind that the Bank finances these types of projects under very favorable terms.


Provide the city/town, street name and number or coordinates of the location provided on Google maps. Be sure to indicate whether the solar power plant is planned for roof installation or ground mounting.

Utility Bills

Scan all of your monthly electricity bills paid in the past year.

Blueprint of the Building

If the solar PP is for roof installation, create a blueprint of the building in CAD or other digital formats. If you are unable to do this, prepare any sort of document that includes information concerning the slope (incline), roof finishing and construction of the roof coverings.

Images/Video Clips

The next step is to take photos/video clips of the building from the ground and from the rooftop, which indicate the height of the building relative to its surroundings (other buildings, trees, surrounding hills, etc.) and images that show the type and quality of the rooftop finishing and whether or not there are any obstacles (poorly constructed areas, shaded areas, etc.).

Designing a Model

Now is the time when you will need to hire a designer who will make a model of the panel layout. It is used for production calculations and to determine cost-effectiveness.

Conceptual Design Preparation

The designer will then prepare the Conceptual Design and Preliminary Design, the grounds on which permits are obtained for design and connection to the EPS distribution system [EPS – Public Enterprise Electric Power Industry of Serbia]

Preliminary Design Preparation for Solar Power Plant Connection

Once the EPS approves the connection to the network, it submits a document providing the conditions under which the Preliminary Design for the connection to the solar power plant is to be prepared

Building the Solar Power Plant

You’re now ready to hire a contractor. Be sure to make an informed decision here. Find a company with a lot of experience installing solar panels on various types of buildings. It is the right time to look into offers for financing the construction of your solar power plant. Now that you have all the information and know exactly how much it will cost to install your solar power plant, you can apply for a special-purpose line of credit dedicated to energy efficiency investments. Please note that you have the right to a return on your investment in the amount of 15 to 20 percent of the invested funds.

Obtaining Consumer/Producer Status

Once your solar power plant has been installed, it is necessary to ensure that the measuring point meets all technical and safety requirements and conclude an Agreement on Complete Supply with Net Metering. This Agreement is signed by the owner of the solar power plant and EPS

The company MT-KOMEX is a leader in the installation and design of solar power plants. To date, the company has installed and delivered equipment for a significant number of small solar power plants with a total installed capacity of 10 MW. The expert team at MT-KOMEX is always ready to respond to any questions you may have and to find the best solutions for your solar power plant.

Where Can I Find the Financial Support I Need to Install My Own Solar Power Plant?

ProCredit Bank is the leader in promoting and investing in renewable energy resources and their utilization. The Bank’s team of experts is available to answer all your questions concerning the financing of solar power plant installation.

Energy efficiency loans amounting to RSD 600,000 for investments in the home are available for online approval and are a new product offered by the Bank. For loan amounts exceeding RSD 600,000, the Bank allows its clients to submit their applications and send documentation in electronic form. Clients are required to visit our Bank only once – to sign the Loan Agreement and to submit original documentation for review.

Example of ProCredit Bank financing – private individuals

Solar power plants with different capacities – 3 kW, 6 kW, 10 kW

3 kW – RSD 490,000 loan                       6 kW – RSD 790,000 loan                         10 kW – RSD 1,390,000

– 5.5% NIR + 3 m BELIBOR                          – 5.5% NIR + 3 m BELIBOR                             – 5.5% NIR + 3 m BELIBOR

– 7.18% EIR                                                     – 7.18% EIR                                                        – 7.17% EIR

– 1.00% fee                                                      – 1.00% fee                                                        – 1.00% fee

– 60-month maturity                                     – 60-month maturity                                        – 60-month maturity

– RSD 9,590.05 installment                          – RSD 15,461.52 installment                           – RSD 27,204.00 installment

Milica Radičević