Solar energy is on the rise in Ireland, and for good reason. Solar panels are cleaner and cheaper than ever before, which means more people can take advantage of them. But with all the talk of solar power, there may be some questions that you have about this renewable source of energy. In this article, we’ll explore just that: everything from how solar panels work to their cost benefits and state aid programs for those who install them!
Solar Power Is On The Rise
Solar power Ireland is on the rise. That’s good news for Ireland and its inhabitants, as we can expect solar to grow by 50% over the next five years. It is expected that solar will become our world’s largest source of renewable energy by 2050–and Ireland has set a target of 40% renewables by 2030.
Solar Panels, the Good And The Bad
Solar panels are a big investment. If you’re thinking of getting them for your home or business, there are some things to consider before making the leap.
The good: Solar panels are an excellent way to reduce your energy costs and help the environment at the same time. They also come with tax breaks and other incentives that can make them cheaper than buying electricity from Irish Power Networks (IPN).
The bad: The upfront cost of solar panels is high–around €6k per kWp installed–so they may not be right for everyone who wants to go green but doesn’t have much money saved up yet. That said, if you plan on staying in one place long enough for your investment in solar power generation equipment to pay off over its lifetime (about 20 years), then this isn’t really much of an issue at all!
The ugly: You’ll need plenty of sunlight throughout Ireland’s long summer months in order for these bad boys’ efficiency levels – which range from 17-22% depending on model type – not only reach maximum output but also stay there consistently throughout daylight hours; otherwise those figures will drop down considerably closer towards those found within standard household appliances such as televisions or refrigerators.”
State Aid For Solar Farms?
The EU is trying to reduce the cost of state aid, which is illegal in the EU. This is because it allows certain companies to benefit from subsidies that aren’t available to everyone else. In order for us to reduce this cost, we need more solar farms and less reliance on fossil fuels like coal or gas.
Renewable Energy Certificates (RECs)
If you’re thinking about installing solar panels on your home, you’ve likely heard of RECs. They’re the certificates that represent the environmental benefits of renewable energy. As a homeowner, if you purchase solar panels and generate excess electricity from them, those RECs can be sold to other companies who want to offset their carbon emissions with cleaner sources of power.
This system is designed to encourage homeowners and businesses alike to invest in renewable energy sources like solar panels by giving them an additional source of income–and it’s working! In 2017 alone, Ireland generated over 1 billion euros worth (about $1 billion) in RECs through its scheme for promoting green power generation at home and abroad.
There are many reasons to install solar panels.
There are many reasons to install solar panels, but the most important is that they’re good for the environment. Solar energy helps reduce your carbon footprint, which means you can feel good about yourself while saving money on your electricity bill.
Over time, the money you save on your electric bill will be more than enough to pay back any initial investment in installing solar panels. And if you do decide to sell your home someday? That should also be covered by savings from using less electricity!
Conclusion
With so many incentives available, it’s no wonder that
Home solar panels is on the rise. There are also plenty of ways to save money on your electricity bill with solar panels. If you’re interested in learning more about how solar works and whether or not it’s right for your home or business, contact an expert today!
