The benefits of switching to renewable energy are clear, but calculating the cost of solar panels can be intimidating. With the prices of electricity surging, it might seem counter-intuitive to invest in a solar system but this is a long-term investment and you’re likely to save a lot on your energy bills over time. We’ve done the calculations for you, so here’s how much a 5kW solar panel system will cost in Ireland.
The 5kw solar system price ireland size of your house, the type of roof you have and the type of PV panels you choose will impact how expensive your solar system will be. The price of a solar system also depends on whether you choose to install a battery with your solar panel installation.
Harnessing Solar Energy: Exploring the Benefits of Solar PV Panels
A typical residential 5kW solar panel system can produce 6,000 kWh of energy each year. This will reduce your electricity bills and earn you income from the FITs scheme (the Clean Energy Guarantee) and Action Renewables, which pays households for any excess electricity they export back into the grid.
Solar systems can be expensive to install, but government incentives are helping to bring the cost down. For example, if you install a solar system with a battery, the Home Renovation Incentive Scheme will cut your upfront costs by up to €3,800. Additionally, the SEAI grant can also significantly lower your overall costs. In addition, the current low interest rates make it an excellent time to invest in a solar power system.