The average solar radiation in Serbia is about 40% higher than the European average, but even so, the use of solar energy for the production of heat and electricity lags far behind when compared with the countries of the European Union. Even more, Serbia is an example of a country that has invested very little in the use of renewable energy sources, although, as stated, it has significant resources at its disposal. With the increase in awareness of the importance of this form of sustainable energy, conditions are created for the development and functionality of a sustainable market for solar thermal and photovoltaic systems, which is of great importance for the economy and the preservation of the natural environment in Serbia.
Solar energy is no longer an “alternative” energy, as it was wrongly considered until recently. Considering the variable price of classic energy sources (fuel oil, gas, and electricity), of which oil and gas are not renewable and whose prices tend to rise permanently, the use of this most efficient renewable energy source becomes an absolute imperative.
Economic and ecological reasons lead to investment and drive investments in projects of application of photovoltaic and thermal systems in new construction of residential buildings and business facilities. In order to significantly increase their application in construction (for residential buildings and commercial buildings), an incentive is needed from the state and financial institutions (banks, investment funds, etc.). The state encourages the environment for such investments, but also by granting the status of a privileged producer with incentive feed-in tariffs, tax and other benefits, etc. Commercial banks in Serbia, according to already established practice from developed countries of the world, approve more favorable loans for investments in the field of renewable energy sources than is the case for conventional technologies.
Of course, there are limitations and disadvantages that prevent even more intensive use of solar energy. They are primarily reflected in the fact that solar radiation is extremely variable in both direction and intensity. Heat gains are variable during the day and they depend on the height of the sun during the day, cloudiness, precipitation, etc., as well as during the year. In winter, when it is most needed, solar radiation is the least.
The process of our country’s accession to the European Union requires the harmonization of Serbia’s energy policy and the determination of special numerically expressed goals for the share of renewable sources in total energy production. Following global trends and keeping in mind the importance of preserving the environment and mitigating the effects of climate change, the Government of the Republic of Serbia made a decision to encourage the production of electricity from renewable sources by introducing a preferential (feed-in) tariff that allows investors in such systems to return the investment in a short period and make a significant profit. Incentive measures for the purchase of solar electricity depend on the capacity of the power plant and the location, i.e. whether it was built on land or on a building.
Otherwise, the trend in the world is for the price of the feed-in tariff to be lower than the price of electricity paid by the end user, i.e. to bring the price of produced green energy, and thus solar energy, to the level of the price of electricity obtained from fossil fuels. In other words, there is a trend to lose subsidies, to finance green energy projects from real sources without any benefits. In this sense, in the new Law on Energy, the final customer of electricity will bear the burden of renewable sources of electricity. Additional pressure on the energy market is exerted by the future liberalization of electricity trade, as well as obligations towards the Energy Community, of which Serbia is a member.
It should be added that there are systems in the world that have not found a place in subsidizing here. We are talking about BIPV systems (Building Integrated Photovoltaics), i.e. solar systems that are located on the facades of buildings.