Government Approves Grants for Businesses Installing Solar PV Panels

July 4, 2023

Micheal Bannigan

In recent news, it has been reported that the government is in the process of announcing a new grant scheme to support businesses in installing solar PV panels. The scheme, proposed by Minister Eamon Ryan and Minister Simon Coveney, will offer tiered grants ranging from €2,700 to €162,500 for the installation of panels and associated infrastructure on non-residential commercial and public sector buildings. The intention is to support smaller businesses with lower output systems, as well as larger installations for establishments like pharmaceutical plants or large retail outlets. The envisaged scheme is to be brought to Cabinet today, Tuesday and will initially run until the end of 2025, with the potential for extension.

This new grant scheme brings several benefits for businesses. Firstly, it significantly reduces the upfront costs of installing solar PV panels, making them more financially viable and accessible. By taking advantage of the grants, businesses can transition to a sustainable and renewable energy source while enjoying long-term savings on energy bills. This not only reduces their carbon footprint but also demonstrates their commitment to environmental responsibility, which can enhance their reputation and attract eco-conscious customers. Additionally, the scheme expands the support available for commercial establishments, ensuring that businesses of all sizes can participate in the transition towards clean energy and contribute to a greener future.

Our CEO, Ciaran Marron had this to say on the news, “This proposed initiative provides a significant boost for the renewable energy sector, enabling more businesses to embrace solar power and contribute to a sustainable future. The availability of grants like this along with the 0% VAT on residential installations not only reduces financial barriers but also demonstrates the government's commitment to supporting clean energy. We are excited to continue to work with businesses of all sizes, helping them harness the power of solar PV panels to drive down carbon emissions, lower operational costs, and build a greener and more resilient economy.”

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