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.
Since July 2022, Irish homeowners have been eligible to sell their surplus solar electricity to the grid. Prices for exported electricity are negotiated between electricity suppliers and consumers. So it’s important to shop around for the highest value. How Much Can You Make Selling Electricity to the Grid? Your solar export payment depends on: Below […]
Selling Surplus Solar Electricity to the Grid in Ireland in 2024 Read More »
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
Solar panels cost around €5,000 to €18,000 for houses in Ireland. A grant can bring this down to €3,200 – €15,600. Here are some specific examples of what you might expect to pay (ex-grant): €5,700: ~2 kW of solar panels €10,000: ~5 kW of solar panels €18,000: ~9 kW of solar panels + power diverter
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
You can now get an SEAI grant of up to €2,400 for solar panels in Ireland. This reduces the upfront cost of solar, making it even easier to slash your electricity bills. Here are the details: Who Qualifies for the Grant? Homeowners The SEAI solar panel grant is now available for all houses built before
