Agricultural Solar Panels for Farm in Carlow

Supported by the TAMS grant, this Solar PV system achieved an impressive IRR exceeding 50% and a remarkably short payback period of just 2.2 years, all while cutting energy consumption by over 30%!
18 December 2024 by
Agricultural Solar Panels for Farm in Carlow
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Joe Swayne’s farm in Ballon, Co. Carlow, is committed to sustainable agriculture. With increasing energy costs and a strong focus on reducing environmental impact, Joe opted to integrate solar energy into his farm. 

By leveraging the TAMS grant, which can cover up to 60% of installation costs, Joe made a strategic investment in renewable energy.

Project Goals

  • Reduce Grid Dependency: Empower agricultural operations with solar panels to achieve higher levels of self-sufficiency.
     
  • Support Sustainability: Reduce carbon emissions, aligning agricultural practices with environmental goals.
     
  • Improve Energy Efficiency: Optimize energy generation and consumption with integrated storage solutions.
     
  • Leverage Financial Support: Utilize TAMS grants to make solar panel installations affordable for farmers, with grants covering up to 60% of the costs.

The Challenge

The primary goal was to reduce reliance on grid electricity, cut operational costs, and decrease carbon emissions. The farm required a solar PV solution that could power daily operations effectively and store energy for peak usage.

The Solution

Solgrid installed a 14.7 kWp Solar PV system consisting of 30 high-efficiency Q-Cell panels, two Huawei inverters, and a 5 kW battery system. This setup optimizes energy generation, storage, and consumption, ensuring the farm operates sustainably.

System Performance Figures:

  • Annual Output: 13,154 kWh
     
  • Direct Consumption of Power: 68.2%
     
  • Level of Self-Sufficiency: 29.9%

Financial Metrics

  • Internal Rate of Return (IRR): 50.97%
     
  • Electricity Production Cost: €0.079/kWh

Carbon Savings

  • Annual Savings: 4,551 kg CO₂ emissions avoided per annum.
     
  • Lifetime Savings: 136,530 kg over the system’s 30-year product lifespan.

Yearly Equivalencies:

​Trees planted: 75

​Coal saved: 2,293 kg

​Kilometres avoided: 18,650

Key Benefits

  1. Sustainability Leadership: Avoiding 4,551 kg of CO₂ emissions annually demonstrates a commitment to environmentally responsible farming.
     
  2. Significant Energy Savings: 68.2% of generated solar energy is consumed directly, reducing reliance on grid electricity.
     
  3. Rapid Payback Period: The system’s 2.2-year amortization period ensures a swift return on investment.
     
  4. Enhanced Self-Sufficiency: Achieving 29.9% self-sufficiency allows the farm to operate more independently.
     
  5. Financial Viability: With an IRR of 50.97%, the investment in solar panels offers excellent long-term financial returns.

The Result

Joe Swayne’s Solar PV installation exemplifies how agricultural solar panels can reduce carbon emissions, provide significant energy savings, and contribute to sustainability in farming.

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