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.