The cost of solar panels in Ireland has been brought down significantly due to government grants. However, a typical household will still need to invest around EUR35,000 for a fully installed system. This includes VAT and any other government incentives that you might be entitled to.
Having a PV solar panel system is a great way to reduce your electricity bills. It also helps the environment by reducing carbon emissions. This is why many homeowners in Ireland are choosing to invest in these renewable energy systems. However, it is important to understand the upfront cost and the return on investment before deciding whether or not solar panels are worth it for you.
Exploring the Real Cost of Solar Panels in Ireland: A Comprehensive Guide
Solar panels work by absorbing daylight and converting it into energy, which is then used to power appliances. They can be used on the roof of a home or elsewhere on the property and can also be combined with solar battery storage systems to provide even greater savings. Ireland is an excellent place to install solar panels because it has similar daylight hours as Germany, which is one of the world’s biggest producers of solar power.
According to the SEAI, a typical household will save up to EUR1,000 a year by switching to solar. This can increase further with the addition of a battery and is a huge benefit given recent electricity prices. Furthermore, a solar panel installation will add value to your home. This makes it a good investment that can be repaid within 10 years, or less depending on your electricity usage and tariff rates.