Considering the uncertainty of the global financial system and meagre interest rates offered by banks, there appears to be no better place to invest one’s savings into Solar PV. Not only are you helping the planet, but you’ll have the investment paid back within six to nine years, and from then on will be making profit for the next two decades.
An installation of seven panels (2.17kW) will cost about €3,200 (once you’ve been repaid the Government’s SEAI grant of €1,400 – if your house was built pre-2011). The electricity it will produce over the next 20 to 30 years will significantly help to power your house, heat your water, charge your future electric car, and the excess electricity can be diverted to the national grid. The Government Climate Action plan has indicated that power companies will soon be compelled to pay you for the excess electricity you feed into the grid, which will shorten your pay-back time.
Further savings may be achieved if future property tax rates are based on your home’s energy efficiency, as the PV panels should significantly improve your BER rating, and there may also be more benefits if the Government begins taxing electricity as it does petrol and diesel currently.
Power at night
Having 14 solar panels mounted on a rooftop will charge the 4.5kW battery which we supply. This will provide power at night and help to boost power during cloudy patches of the day, if for example you are running the oven and kettle at the same time. The panels also heat the immersion, and the excess power gets diverted as my free gift to the national grid. This size of system will cost roughly €7,000, after the €3,800 SEAI grant.
The likelihood is that this grant will be phased out once the feed-in tariff is introduced, so now is an ideal time to invest in solar. The big companies who have sales teams on the road with large overheads will always be more expensive. As a locally based company we are able to price systems at a fair and economical point compared to our larger competitors.
To schedule a free site consultation please contact us.