2023 has been a strong year for proponents of solar technology. There has been a steady increase in the interest around renewable and sustainable energy and this has prompted many households and businesses to consider their energy usage.
The cost of living crisis, economic uncertainty and rise in traditional energy prices have also contributed to consumers seeking alternative options. This is likely to continue in the coming years. Newer technological advances, declining costs to manufacture and install, and supportive programs by Governmental bodies that incentivise users to switch to solar means that it will continue to feature in many energy plans in the future.
We support this growing trend and see first-hand, the transformational results of our customers, improving their energy efficiency and cost saving. There is also a larger story and that is to reduce our dependence on traditional ineffective and inefficient sources of energy that has deleterious effects on our planet.
There are several incentives now available that encourage business owners to take the leap into solar technology – primarily through the use of solar PV panels.
From 1st May 2023, the Government abolished the VAT rate for the supply and installation of solar panels. While this is initially aimed at households, there is growing optimism that it will positively affect and encourage cost savings for businesses.
The SEAI offer a range of business grants and supports, including the non-domestic microgen scheme (NDMG) where businesses can receive €2,400 toward solar PV installation. Similarly, the SEAI Better Energy Community (BEC) Grant supports energy efficiency community projects through capital funding, partnerships, and technical support.
The Brexit Blue Economy Enterprise Development Scheme counters the adverse economic and social consequences of the withdrawal of the UK from Europe. This applies to businesses operating in the blue economy and located in communities within 10km of the coastline. This is relevant to businesses such as:
- Small non-commercial harbour/pier activities
- Coastal tourism
- Marine leisure and sport
- Renewable energy initiatives supporting the blue economy
The long-awaited update to the Targeted Agricultural Modernisation Scheme (TAMS 3) was announced in February. In place for the next 5 years, and complementing Ireland’s sustainability and climate goals, it seeks to encourage the use of farm solar panels, and reduce our carbon emissions.
At a time when farmers are especially feeling the bite of rising costs, relief is needed and solar power can be the solution.
A Brighter Future with Solar
Solar is not going away. There will continue to be growing use cases for how to effectively capture and use this source of energy efficiently to yield tangible results.
Solgrid will continue to be at the vanguard of this still-emerging technology. We have aligned ourselves with Q Cells – a leading solar PV technology company to enhance our own experience and expertise to deliver outstanding results for businesses.
If you are interested in learning more, please contact a member of our team today.