An average size Solar PV install would include 10 panels and a hot water diverter with average price of €7,975 (before grant) but is dependant on site survey for accurate quotation. The price after grant of €2,400 for this 10 panel (4.1kWp) system would be €5,575.
All installs with deposits paid since 1st May 2023, will benefit from 0% VAT and Electric Ireland are committed to maintaining pricing following this announcement.
Once installed, you can save an estimated €1,190 each year (based on 2,280kWh of solar electricity being self consumed and 1,220kWh being exported to grid). At current electricity price of 41c/kWh and microgen rate of 21c/kWh, your investment payback is an estimated 5 years.