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Posted 1 year ago | 3 minute read
Ireland increases solar PV support
The Irish government has announced it is to improved its support for companies switching to solar power.
In an announcement on 4 July, the government approved changes to the Non-Domestic Microgeneration Scheme to open up funding to bigger projects, ranging from a 6-kilowatt-hour peak (kWp) to 1,000kWp. The new range of installation sizes will cover a significant variety of businesses, from small local shops up to large manufacturing facilities. It will also be available for public buildings, sports clubs and community organisations. An installation size of 1000kWp equates to approximately 2,500 solar PV panels.
New funding ranges from €2,700 to €162,600 to support an even wider range of businesses to switch to solar and it is estimated that this will typically support 20%-30% of the investment cost, reducing payback to as little as 5 years.
The funds will be provided by way of transfer from the allocation for the Temporary Business Energy Support Scheme (TBESS); to allow for an expansion of the existing non-domestic Solar PV supports. The amended scheme will operate on an introductory basis to the end of 2023 following which it will be assessed and subject to the normal budgetary process. SEAI, which operates the Non-Domestic Microgeneration Scheme, will implement the necessary changes and will open for applications under the amended scheme guidelines in mid-July.
Climate and Environment Minister Eamon Ryan said:
“This move by the government shows Ireland’s continued commitment to supporting all of our citizens, businesses and community organisations – to be part of our journey to a cleaner, cheaper and renewable energy future”.
GridBeyond CCO Mark David said:
“Ireland is aiming for 80% of its electricity to be from renewable sources by 2030, which would double its 2020 production. It also has a target for 8GW of solar capacity by the end of the decade, this support from the government will support businesses with the install costs of PV systems, but they could get further benefits.
“GridBeyond offers comprehensive support to businesses in Ireland aiming to optimize their solar PV systems to enhance revenues and achieve significant savings. With the Irish government’s increased support for solar power adoption, GridBeyond’s solutions align perfectly with the country’s renewable energy goals.
GridBeyond’s solution also enables businesses to monetise excess solar energy through participation in demand response programs. By leveraging their platform, businesses can generate additional revenue by providing grid services during periods of surplus energy generation. GridBeyond constantly evaluates energy market conditions and automatically adjusts energy consumption and storage, optimising solar PV systems and battery storage to generate the maximum financial returns.”
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