Thailand’s property market goes green as more developers opt for solar roofs

April 6, 2022

BANGKOK – Sutirapan Sakkawatra, vice president of Siam Commercial Bank, said this green trend was spotted recently when loans worth 600 million baht were issued to buyers of homes with solar roofs, buyers of electric vehicles (EV) or those who install solar roofs in their homes.

Praphansak Rakchaiwan, managing director of real estate consultancy Lumpini Wisdom and Solution Co Ltd, confirmed this green trend. He said the price of solar panels for homes and condo units has come down a lot over the past 10 years. Now the cost of a hybrid solar power system that connects to the power grid has dropped to about 169,000 baht, which can be easily recouped in five years, he said.

Eventually, he added, solar panel users can end up saving some 945,000 baht over 25 years. He estimated that at least 20% of new home buyers will opt for units with solar roofs.

Meanwhile, Property Perfect Plc said it plans to install solar rooftops in 30,000 units it builds and will install EV chargers in some 50,000 units.

Wongsakorn Prasitwiphak, Managing Director of Property Perfect, said the company has partnered with SCB, SCG and EV Lomo to install these chargers. The cost of installation will be added to the price of new units and the company will also offer to install EV chargers for existing customers.

Sansiri Plc said it would install solar rooftops in 1,825 units that are planned to be built this year.

Supalak Chanpithak, CEO of Britania Plc, said its parent company – Origin Property – has partnered with Gunkul Engineering to make breakthroughs in clean energy for housing.

He added that Britania will install solar roofs on some 200 homes in projects in Bangkok and its suburbs to build “solar villages”.

Britania will also install EV chargers in public areas of these solar villages.

Separately, Sena Development Plc announced that it will invest 600 million baht in the installation of solar panels, particularly in its new 15 rai Sena Viva Chalong Krung-Lat Krabang project in Bangkok.