solar panel costs in Ireland can be a significant investment for homeowners but the long-term financial benefits are worth the upfront costs. It’s important to explore all of your options, including available incentives, so you can accurately determine the best solar system for your home.
Solar photovoltaic, or PV, panels convert sunlight into electricity (unlike thermal panels which convert sunlight into heat energy). It’s one of the fastest-growing industries – and for good reason! With energy prices on the rise and homeowners looking to lower their electricity bills, there has never been a better time to install a PV system.
Sunny Savings: Exploring the Economics of Solar Panel Installation in Ireland
The upfront costs of a solar system can vary depending on the size of your system, your energy usage, and your location. The best way to determine the exact price of a solar PV system is to request quotes from multiple reputable suppliers or installers. This will give you a better understanding of the market and help you find the best value for your money.
The average PV solar system in Ireland costs around EUR11,000 after federal incentives are taken into account. The price of a system can be further reduced by taking advantage of the SEAI’s Better Energy Homes Scheme, as well as other grants and tax reliefs. The price of a system can also be reduced by choosing premium quality panels from brands with a strong track record and extended warranty coverage. This will ensure you get the best possible return on your investment over time.