Reduced VAT Rate For Solar Panels in Ireland

Raj Singh
June 7, 2023

The Irish Government has recently taken a significant step forward in endorsing renewable energy by reducing VAT on solar panels to 0%. 

This decrease, together with other grants and incentives, is set to revolutionise the solar industry in Ireland and assist thousands of homeowners to make the transition to clean, renewable energy. 

In this blog post, we'll delve into the details of the lowered VAT on solar panels in Ireland, its implications for the industry, and how NuSolas Energy, a Clare-based Solar PV company, can help you capitalise on these new incentives. Lowered VAT on Solar Panels in Ireland

Understanding VAT Reduction on Solar Panels in Ireland: Essential Information

In a bid to motivate more people to adopt renewable energy, Green Party leader Eamon Ryan declared that the Irish Government would be substantially reducing the VAT on the provision and installation of solar panels in homes and public buildings. This means that the average expense of installing solar panels, previously around €9,000, will now fall to approximately €8,000, saving homeowners around €1,000. 

When combined with the Sustainable Energy Authority of Ireland (SEAI) solar grant of up to €2,100, the total average cost for a home solar installation could decrease to about €5,600. 

Furthermore, the lowered VAT for solar panels will help condense the payback period for homeowners from seven years to just 6.2 years, based on an average 4.5KW installation for homes. The Irish Government also plans to equip all schools with solar panels by 2025, starting this summer, as part of their ambitious strategy to reach 5GW of solar energy by 2025 and 8GW by 2030. With nearly 50,000 Irish homes already fitted with solar panels, this figure is expected to multiply as the technology becomes more affordable and mainstream. Lowered VAT on Solar Panels in Ireland

How NuSolas Energy Can Aid You in Benefiting from the Lowered VAT on Solar Panels in Ireland

As a leading Solar PV company in Co. Clare, NuSolas Energy is committed to assisting homeowners in taking advantage of the lowered VAT on solar panels and other incentives available in Ireland. Our knowledgeable team will guide you through the entire journey, from assessing your home’s solar potential and crafting the most efficient solar system to match your needs, to overseeing the installation and providing post-installation support.

Expert Solar PV Consultation and Design

At NuSolas Energy, our proficient experts will conduct an in-depth evaluation of your home’s solar potential and energy needs. Based on this evaluation, we will devise a solar PV system that optimises your savings while ensuring supreme performance and return on investment. Lowered VAT on Solar Panels in Ireland

Hassle-Free Solar Panel Installation

With our expert team of certified installers, NuSolas Energy guarantees a smooth and untroubled solar panel installation process. We handle all necessary permits and paperwork, guaranteeing that your solar system is installed in compliance with Irish regulations and industry standards.

Top-Notch Solar Panels and Components

NuSolas Energy only utilises top-quality solar panels and components from reputable manufacturers. Our dedication to quality ensures that your solar PV system will not only be efficient but also durable, providing you with clean, renewable energy for years to come. Lowered VAT on Solar Panels in Ireland

Continuing Support and Maintenance

Our commitment to your satisfaction doesn't stop at installation. NuSolas Energy provides ongoing support and maintenance services to ensure that your solar PV system continues to operate at peak efficiency, maximising your savings and return on investment.

Kickstart Your Solar Panel Journey for Your Home

The Irish Government’s decision to reduce the VAT on solar panels represents a significant stride towards fostering renewable energy adoption across the nation. By making solar installations more affordable and accessible, this move is expected to expedite the growth of the solar industry in Ireland. 

If you’re considering going solar, now is the ideal time to leverage these financial incentives. At NuSolas Energy, our expert team is prepared to assist you in harnessing the sun's power and enjoy the benefits of clean, renewable energy for years to come. Contact us today to learn more about how the lowered VAT on solar panels in Ireland can help you save money and minimise your carbon footprint.

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Frequently Asked Questions

How much can I save with the lowered VAT on solar panels in Ireland?

With the VAT reduction on solar panels, homeowners can save approximately €1,000 on the installation cost, reducing the average cost from €9,000 to €8,000.

How does the SEAI solar grant work, and how much can I receive?

The Sustainable Energy Authority of Ireland (SEAI) offers a solar grant of up to €2,100 for homeowners who install solar PV systems. The grant amount is determined by the size of the solar system installed and is subject to certain terms and conditions. By combining the lowered VAT on solar panels with the SEAI grant, the total average cost for a home solar installation can fall to around €5,600.

What is the payback period for solar panels with the reduced VAT and SEAI grant?

With the lowered VAT on solar panels and the SEAI grant, the payback period for an average 4.5KW solar installation can be condensed from seven years to just 6.2 years. This means that homeowners can start reaping the financial benefits of their solar PV system sooner.

How do I apply for the lowered VAT on solar panels in Ireland?

The reduced VAT on solar panels will be automatically applied to the cost of your solar PV system when you purchase it from a registered supplier like NuSolas Energy. There is no separate application process for homeowners to receive the reduced VAT.

Can I sell excess solar energy back to the grid?

Under the Irish Government’s micro-generation scheme, homeowners with solar PV systems can sell their excess renewable energy back to the grid. This further adds to the financial benefits of going solar and helps offset the initial solar PV system investment.

How do I get started with NuSolas Energy?

To commence your journey towards clean, renewable energy and take advantage of the lowered VAT on solar panels in Ireland, contact NuSolas Energy for a free consultation. Our team of experts will guide you through the entire process and help you make an informed decision that best suits your needs and budget.

How much can I save with the lowered VAT on solar panels in Ireland?

With the VAT reduction on solar panels, homeowners can save approximately €1,000 on the installation cost, reducing the average cost from €9,000 to €8,000.

How does the SEAI solar grant work, and how much can I receive?

The Sustainable Energy Authority of Ireland (SEAI) offers a solar grant of up to €2,100 for homeowners who install solar PV systems. The grant amount is determined by the size of the solar system installed and is subject to certain terms and conditions. By combining the lowered VAT on solar panels with the SEAI grant, the total average cost for a home solar installation can fall to around €5,600.

What is the payback period for solar panels with the reduced VAT and SEAI grant?

With the lowered VAT on solar panels and the SEAI grant, the payback period for an average 4.5KW solar installation can be condensed from seven years to just 6.2 years. This means that homeowners can start reaping the financial benefits of their solar PV system sooner.

How do I apply for the lowered VAT on solar panels in Ireland?

The reduced VAT on solar panels will be automatically applied to the cost of your solar PV system when you purchase it from a registered supplier like NuSolas Energy. There is no separate application process for homeowners to receive the reduced VAT.

What is the payback period for solar panels with the reduced VAT and SEAI grant?

With the lowered VAT on solar panels and the SEAI grant, the payback period for an average 4.5KW solar installation can be condensed from seven years to just 6.2 years. This means that homeowners can start reaping the financial benefits of their solar PV system sooner.

Can I sell excess solar energy back to the grid?

Under the Irish Government’s micro-generation scheme, homeowners with solar PV systems can sell their excess renewable energy back to the grid. This further adds to the financial benefits of going solar and helps offset the initial solar PV system investment.

How do I get started with NuSolas Energy?

To commence your journey towards clean, renewable energy and take advantage of the lowered VAT on solar panels in Ireland, contact NuSolas Energy for a free consultation. Our team of experts will guide you through the entire process and help you make an informed decision that best suits your needs and budget.

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*FYI, parts of this blog post were drafted by artificial technlogy. But rest assured, it's been thoroughly researched, edited, reviewed and me & my team.
About Author
Raj Singh
Founder @ NuSolas

A seasoned professional in the solar industry, Raj Singh is dedicated to illuminating Ireland with the power of the sun. His passion for renewable energy and commitment to sustainability shine through his work in the solar industry.