Solar PV is a massive industry, now worth billions every year. Large financial backers have gotten in on this opportunity, and many of them are now making attractive returns. On the other end of the scale, households and small businesses are using solar PV to cut their bills and reduce overheads. What big investors and tiny businesses have in common is the need for knowledge about solar PV.
You might have heard that solar PV systems can provide big returns and big savings. On the other hand, it’s a large investment. These two factors need to be weighed up carefully to decide if solar PV is right for you. Read on to learn how you can evaluate solar PV investment opportunities.
If you decide to go ahead with your solar PV investment, another consideration will be making the most of your system. Learn how grants and feed-in tariffs can help you to do this.
If you have any questions or tips make sure to leave a comment.
NPV Calculator Formula The Solar NPV calculator is based on the formula: Where: NPV = Net Present ValueCIns = Installation CostCRep = Cost to replace the inverter at year 15i = Future value discount ratep = lifespan of the solar panel systemG1 = Electricity price in year 1PS = Price of electricity for self consumptionS …
Interested in solar energy? Then find out what to expect from solar panels prices in Ireland… Solar Panels Cost Guide Solar panels cost around €6,000 to €17,000 for houses in Ireland. Fortunately though, the grant brings this down to €4,500 – €14,000. Here’s some more detail: €4,500: ~5 solar panels + power diverter €14,000: ~20 …
Note: The easiest way to calculate solar NPV is with our handy Solar NPV Online Calculator. Solar PV is a big investment, and you need to carefully consider the cost and return before going ahead. Net Present Value (NPV) is a calculation that can help you to decide if solar PV is a good idea …
Calculating Net Present Value for Solar PV Systems (For Businesses) Read More »
The Problem Solar PV can be a lucrative investment for commercial electricity users. Many businesses have the perfect combination of high electricity use and lots of roof space. Economies of scale also help with the cost-effectiveness of large commercial systems. Put together, these factors can translate into a very high rate of return from commercial …
The “Micro-generation Support Scheme” Export Payment Selling surplus solar energy to the grid is a great way to earn extra income from you solar panels. What could be better than getting a cheque, rather than a bill, from your electricity supplier? The Irish government announced in January 2021 that solar panel owners will be paid …
Selling Surplus Solar Electricity to the Grid in Ireland Read More »
You can now get a grant of up to €3,000 for home solar panels in Ireland. This adds to the huge savings on your electricity bills every month. Overall, the grant means there has never been a better time to go solar in Ireland. So watch the video below and read the article to learn …
