Solar Energy: A Smart Investment
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Killarney, Co. Kerry
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Now is the time to switch your business to solar...
Solar energy is one of the most promising and rapidly growing renewable energy sources in Ireland. The government has been providing support to businesses through various grants and schemes to encourage them to invest in solar energy. The Non-Domestic Microgen Grant (NDMG) provides financial assistance to help businesses install solar PV panels to generate electricity on-site. The Solar PV Scheme enhancements have also been introduced to boost business investment in renewable energy generation.
Why you should consider the investment
Reduced Energy Costs
This is the most significant benefit for many businesses. By generating their own electricity, businesses can drastically lower their reliance on the grid, leading to substantial cost savings on their energy bills. This can be especially beneficial for businesses with high energy consumption, such as manufacturers, data centers, and large retailers.
Enhanced Reputation
Consumers are increasingly conscious of sustainability and environmental responsibility. By switching to solar, businesses can demonstrate their commitment to green practices and attract environmentally conscious customers and investors. Additionally, many government bodies offer incentives and recognition to businesses that use solar energy.
Increased Energy Security
Fluctuations in the grid or power outages can disrupt operations and lead to lost revenue. With a solar panel system, businesses can generate their own power, even during blackouts, ensuring greater energy security and independence. This can be crucial for businesses that heavily rely on a constant power supply to keep operations running.
Long-Term Investment
Solar panel systems are built to last, typically with lifespans exceeding 25 years. The initial investment, while sometimes substantial, offers long-term cost benefits and protects businesses from rising energy prices over time. Additionally, switching to solar can future-proof a business against potential regulations or carbon taxes on traditional energy sources.
Did you know Businesses can receive up to €162,600 towards their solar installation?
In July 2023, the government announced new and enhanced supports for businesses through the Solar PV Scheme. The updated scheme provides tiered grant supports for solar PV installation, with funding ranges from €2,700 to €162,600.