Investing in cost of installing solar panels ireland can significantly reduce energy bills and contribute to a more sustainable future. However, the initial investment can seem high and may deter some homeowners from making this switch. In this article, we’ll explore the cost of installing solar panels ireland to help you make an informed decision.
The cost of a solar system varies depending on its size and type. Generally, larger systems have higher wattage outputs and therefore cost more to install. Additionally, premium quality panels that are made in Europe or South Korea tend to have better efficiency and longer lifespans than standard panel options.
Solar panels are made up of photovoltaic cells that absorb sunlight and convert it into direct current (DC) electricity. This is then converted into alternating current (AC) electricity by an inverter, which can be used to power appliances and lighting in your home.
“Untangling the Numbers: Understanding Solar Panels Cost in Ireland
Homeowners in Ireland who install a solar energy system can receive an SEAI grant to reduce the upfront costs of the installation. Typically, a 5kW system costs around EUR5,000 after factoring in the grant.
According to the SEAI, a typical household can knock one-third off their annual electricity bill with this system. Furthermore, homeowners will be paid for any unused electricity that drips back into the national grid under the Clean Energy Generation Guarantee (CEG) tariff. This is a further saving, bringing the break-even point down to as little as seven years for some households.