Commercial Property

Solar panels have their moment in the sun as firms enjoy ‘three-year payback’

Expert claims new energy networks can pay for themselves two years ahead of predictions, depending on the size of system put in place

According to the Department of Environment, grants will support 20-30 per cent of the investment cost for solar PVs

Firms switching to solar power can expect their new energy system to pay for itself in three years – two years ahead of government predictions, an expert has said.

Funding packages of between €2,700 and €162,600 have been introduced to encourage more businesses to install solar photovoltaics (PV) systems. Solar PV panels generate electricity when exposed to light.

According to the Department of Environment, Climate and Communications, the grants, operated by the Sustainable Energy Authority ...