In Ireland, solar energy is becoming an increasingly attractive option for homeowners and businesses. With electricity prices rising at an average rate of 10% year-on-year, the return on investment in solar panels is only increasing. The initial return on solar panels is usually between 8 and 15%, and with minimal maintenance required, it can take as little as 7 to 10 years to start seeing a return. Solar energy is an emission-free source of energy and does not require the construction of large energy parks that could damage the environment.
Solar panels can be connected to existing properties to create a more decentralized energy grid (also known as a smart grid) than the traditional one. This can result in significant savings on electricity bills, and when taxes are taken into account, solar panels can be a better investment than savings accounts or the stock market.
Cost of Solar Panels in IrelandThe cost of solar panels in Ireland varies depending on system size, panel type and installation factors. The size of your home and the number of panels needed will determine the cost. If you want your solar energy to work at night, you may need to invest in a solar panel battery in addition to your solar panels.
The price of installation can vary depending on the complexity of the project, location and chosen solar installer.Solar Panel EfficiencySolar panels can convert between 15 and 22% of solar energy into electricity that you can use in your home. Even on cloudy or rainy days, your solar panels will still be able to convert sunlight into electricity. Joe Brennan, founder of Going Solar, is committed to making solar energy more widespread in Ireland and meeting the objectives of the SEAI.