Want to know how much a commercial solar panel costs in Ireland? The cost of commercial solar panels for businesses and non-residential buildings varies significantly, from €15,000 to €150,000 or more for larger systems. On average, the price ranges from €850 to €2,000 per kWp capacity.
For businesses, it is the best time to invest in solar energy and achieve long-term savings while promoting sustainable practices. Today, we will help you discover the cost of commercial solar panels, including grant prices, factors affecting the cost, and financial returns.
Let’s start exploring.
What Are the Equipment Costs for Commercial Solar Panels?
1. Solar inverter
A solar inverter is essential for converting the energy produced by solar panels into usable electricity. The cost ranges from €1,000 to €2,000, and larger systems may require multiple inverters to handle increased power input.
2. Mounting system
Mounting systems are necessary for securing solar panels. Simple racks can be used for pitched roofs, while flat or ground-mounted panels require more strong and costly structures.
3. Solar battery
A 5kW solar battery can add €2,350 to €2,850 to the total cost. Businesses can also scale up with multiple battery modules to increase storage capacity.
What Factors Affect Commercial Solar Panel Costs in Ireland?
1. System size and capacity
The commercial solar panels cost in Ireland largely depends on the size and capacity of the system. Larger systems naturally cost more but provide higher energy output and long-term savings.
2. Building type and roof structure
The type and height of the building, as well as the roof structure, play a crucial role. Complex or tall structures may lead to higher installation expenses due to additional equipment and labour.
3. Component quality
Higher-quality solar panels and components can increase the overall cost. High-quality materials offer better efficiency and durability but come at a higher price, impacting the initial investment.
What Are the Financial Returns on Commercial Solar Panels?
Investing in commercial solar panels in Ireland offers impressive financial benefits. Typically, commercial solar PV systems recoup their initial costs within 4 to 7 years and can continue producing energy for over 30 years.
Larger systems used in commercial installations often see faster payback periods compared to residential ones.
For instance, systems ranging from 20kWp to 150kWp generate significant annual electricity output and can save businesses between €6,199 and €46,579 annually.
This long-term energy production ensures consistent savings and profit for business owners, making solar panels a smart, sustainable investment.
What Are the Types of Grants Available for Commercial Solar Panels?
1. SEAI funding opportunities
The SEAI offers grants of up to €162,600 for businesses, farms, schools, and community groups to help reduce the commercial solar panel cost in Ireland, making installations more affordable.
2. TAMS 3 programme for farms
Farm owners can receive up to €90,000 in funding through the Department of Agriculture’s TAMS 3 programme, designed specifically to support the agricultural sector with solar panel costs.
3. Additional grant schemes
Various other grant schemes and financial aid programmes are available to assist businesses with the initial costs, making the transition to renewable energy more budget-friendly.
Conclusion
Understanding the commercial solar panel cost in Ireland involves assessing various factors such as system size, installation complexity, and building type. Financial returns from investing in solar panels are significant, with reduced energy bills and strong ROI over time.
Available grants and incentives, including SEAI funding and TAMS 3 for farms, make solar installations more accessible and cost-effective.
By investing in solar panels, businesses can enjoy long-term savings and sustainable energy. Contact SPV Energy today to learn how we can provide customised, high-quality solar solutions to meet your needs and maximise your investment.
FAQs
How much does it cost to install commercial solar panels in Ireland?
The cost of installing commercial solar panels in Ireland varies, typically ranging from €15,000 to over €150,000 depending on the system size and installation complexity. Factors such as building type, component quality, and labour can influence the total cost.
What factors affect the cost of commercial solar panels?
Key factors affecting commercial solar panel costs in Ireland include system size, building structure, panel type, and installation complexity. High-quality panels and complex roof structures may lead to higher initial costs.
How long does it take for commercial solar panels to pay for themselves?
Commercial solar panels generally recoup their costs within 4 to 7 years, depending on system size and energy savings. After this period, businesses benefit from reduced energy expenses for decades.
Are there grants available for commercial solar panels in Ireland?
Yes, grants such as SEAI funding and the TAMS 3 programme for farms can significantly reduce the initial commercial solar panel cost in Ireland, making installations more affordable.
What is the average lifespan of commercial solar panels?
Commercial solar panels have an average lifespan of 25 to 30 years, providing long-term energy savings well beyond their payback period. Proper maintenance ensures continued efficiency.
Can commercial solar panels work in Ireland’s climate?
Yes, commercial solar panels are designed to function efficiently in Ireland’s climate, even with variable weather. Advanced solar technology ensures consistent energy generation throughout the year.