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How much do Solar Panels cost in Ireland?

One of the most common questions in the minds of Irish buyers addressed regarding solar panels is how much do solar panels cost in Ireland? In this article, we aim to answer some of the common questions regarding solar panel costs and provide you with six steps to determine whether opting for solar PV will help you save more than what you spend.

1. Assess your Electric Bill:

Solar PV produces its own source of power, which can help bring a positive change to your electric bill. Furthermore, Solar PV will be more beneficial to those consumers whose electric bill is much higher. 

2. Estimate your Sunlight Exposure:

Factors such as your home’s orientation towards the sun, the amount of shade, the type of roof all have an effect on the solar output. Therefore, research on sunlight exposure in your area is crucial when deciding to opt for Solar PV. To know whether Solar PV’s can function during the night-time, click here.

3. Evaluate the Solar PV cost:

While calculating the total price, find out an estimate on the amount of energy that is consumed and also, it is vital to find out the right system size to generate the necessary power. Furthermore, in terms of the equipment, Solar PV’s are made to last for around 20 years with little or no effect on the electricity produced. 

4. Research on Solar PV grants:

The government offers homeowners and businesses incentives for opting for Solar PV’s as an energy source. The incentives depend upon the location, the make and model of the Solar PV you choose and the upgrades you need to make to your home. To learn more about the Solar PV grants available in Ireland, click here.

How much do Solar Panels Cost in Ireland?

The cost of Solar PV will vary depending upon factors such as make and the model, the location, installation and after-sales support. Even though the cost of Solar PV is coming down around Europe, in Ireland, the buyers are unlikely to see a significant shift in prices. 

The average cost of installing a Solar PV in Ireland ranges between €6,000 – €17,000. The price is subjected to various factors. In addition, the SEAI provides grants that will help consumers save up to €3,000. However, It is imperative to conduct detailed research concerning price when choosing a Solar PV. We at Ecoplex provide you with step-by-step advice from the initial meeting stage to the installation of Solar PV for your home or business needs. 

When Is The Right Time To Install Solar Panels?

If you are looking into a cost-effective method to invest in solar panels, the right time will be during the winter season. This statement might be surprising to some—the main reason being the lack of demand for Solar PV installation during the winter season. Moreover, if you are thinking about the efficiency of solar panels, the system will function during cloudy/chilly months. Winter is generally regarded as an off-season, especially for the solar panel industry, and therefore, it will prove to be an intelligent decision.

How Are The Prices Of Solar Panels Determined?

When it comes to calculating the price of solar panels, three main factors need to be considered: solar panel type, solar panel efficiency, and the total number of solar panels. Let’s go into more detail.

a. Type of solar panel

Most solar panels available in the market are silicon-based. These solar systems are further divided into two: Polycrystalline and Monocrystalline. So what are they?

Polycrystalline panels are created by melting different silicon fragments rather than one silicon crystal. As a result, polycrystalline panels are less efficient when compared to its counterpart and, therefore, cheaper. 

Monocrystalline panels are the popular choice among Irish households due to their longer lifespan, efficiency, and quality. Monocrystalline panels are created out of a single silicon crystal, and hence, it is an expensive option. 

b. Solar panel efficiency

When we talk about solar panel efficiency, it means the level of sunlight that the panels can transform into electricity. 

For instance, if the solar panels have an efficiency of 15%, the panels can convert 15% of the sunlight into renewable electricity for your homes/businesses.

c. Total number of solar panels

Bigger the solar panel system, the bigger the price you will need to pay. A 3kW solar panel system will contain 12 panels, and a 6 kW system will include 24 panels.

Do Solar Panels Save You Money?

If you are looking at solar panels as a long-term investment, yes, it surely will save you a lot of money. However, a slight conundrum will be the high upfront costs you will need to invest in acquiring the solar system.

Now do solar panels save you money? The answer to this question depends on many factors, such as sunlight exposure, the size of the solar panels, and your roof’s angle. However, the most significant factor in computing your savings will be determining your electric costs. Now, to do so, you will need to calculate your annual electric spending. The average electricity consumption in Ireland is 4,200 kWh per annum, amounting to €1,052. Then, you need to calculate your utility rates. Once you have all the information ready, you will need to estimate your savings by adding details such as location, the average price of solar panel installation, and energy usage.

Finally, with solar panels, you can save up to 50% of electricity bills and are entirely worth the investment

Verdict

Renewable energy is the future, and in particular, solar has made the limelight resulting in an increase in popularity. Solar panels can bring about a ton of savings in the long run and are worth every penny you invest.

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