Whilst Ireland has a highly educated workforce, the understanding of solar and energy in general is quite poor. It is therefore important to put solar and energy forward as an easily understood proposition for the consumer to understand.
Commercial
Solar for commercial 3 phase installations is very simple. There is money falling from the sky every day onto your roof in the form of sunshine. The Government gives you a grant of 30% to catch this money in a bucket. The Government, in the form of the Strategic Banking Corporation of Ireland, www.sbci.ie lends you the remaining 70% at 5.4% over 7 years to buy the rest of the bucket.
The payback on commercial solar is between 20-30%. Do the math. Solar can be viewed as a financial instrument. There is no need to complicate a simple concept.
Domestic Solar
Solar Panels alone pay 14% return on your money. When you add in batteries the return on your money DECREASES to 8-10%. However, and this is important. From a man’s mental health perspective, there is no greater enjoyment in life, than bringing out the phone and showing the fella next to him at the bar, his daily generation and storage.
Especially when he knows he has a bigger battery. 75 houses are being done every day. It is a great investment and is the first step towards decarbonising your house.
If you are interested in domestic solar your Credit Union will lend you 100% the cost at 6.9%. SouthWest Solar or Munster Solar can quote you for your house. Both reputable, local companies.
If you are interested in commercial solar and want a no nonsense approach contact Andrew O Connell at [email protected]. F4energy generates more than 4 million units of electricity a year on the roofs of local Limerick & Clare businesses. F4energy is in the Energy Business for 25 years.