Virtual net billing is an innovative regulatory framework in Cyprus that extends the financial benefits of solar energy to property owners who lack suitable or sufficient roof space for a traditional photovoltaic installation. Under this scheme, your solar panels are installed at a completely different location — such as a separate building or a designated solar facility. The energy produced at this remote site is tracked digitally and credited against the electricity consumption of your primary residence or business premises. Just like standard net billing, the generated power offsets your electricity bills, allowing you to achieve long-term savings without altering your existing building.