The process of convering solar energy into electricity is called solar photovaltaic (PV). This is not a new technology, however, many home owners, including farmers, are not taking advantage of this process to help reduce their electricity bill.
Because of increased cell efficiency and lower raw material costs and manufacturing, the costs of PV has reduced past the 80% mark in the last decade..
Farmers can take advantage of a new 40% grant through TAMS and a 100% accelerated capital allowances in year of purchase to help reduce their electricity costs, thus making Solar PV the smartest investment they’ll ever make.
Other grants are readily available through the BEC program that is run by the SEAI. The importance of farmers to generate their own electricity is because of planned Government increases in carbon taxes that will become innevitable.
A Solar PV investment on a farm is a wise one due to 100% write off against tax in the year that it is purchased and they can also reclaim the VAT part of the cost.
Because Solar PV systems are monitored, farmers will be have full transparency of the energy they generate yearly, daily and hourly.
They can also tell how much electricity they are purchasing from the grid which allows them a clear understanding of their energy usage, which is very beneficial.
If you’re a farm owner and would like more information on how having a Solar PV system on your property, contact us and we’d be happy to set up a FREE solar savings consultation with you.