How much do solar panels cost?
Here you will learn about the cost of solar PV systems in Ireland, the factors affecting their prices, government incentives, and the long-term benefits of adopting solar energy.
Get offers from solar suppliers
Solar panels are a great investment, they are proven to both pay themselves off and reduce your energy bills resulting in helping you save money. Though you may still be wondering the costs involved when installing solar panels for the first time.
How much does a solar panel cost?
The cost of solar panels in Ireland has been steadily declining due to technological advancements, increased production, and economies of scale. Depending on your circumstances, a solar PV installation on average costs between €6,000 and €18,000 in Ireland.
There are several factors which can influence the cost of solar panels, such as:
Panel type and efficiency: Different solar panel technologies, such as monocrystalline, polycrystalline, and thin-film, have varying efficiency levels. While more efficient panels tend to be pricier, they may also yield better long-term results.
Installation costs: The installation process, including labour and additional equipment, will impact the overall cost of the solar system.
Government incentives: Government subsidies, grants, and tax credits can significantly reduce the upfront costs of solar panel installations, making them more accessible to a broader range of consumers.
System size: The capacity of the solar panel system, measured in kilowatts (kW), directly affects its cost. Larger systems are more expensive but can generate more electricity.
Is it expensive to get solar panels?
Initially the cost of installing solar panels is a large lump sum, however, the benefit is emphasised in the long-term scenario. Eventually, the solar panel will have paid for itself and can even turn a profit by selling excess power back to the grid.
PV solar panels have an expected lifetime of 25–40 years, and it is estimated that the savings on your energy bills will offset the cost of the installation within 7 years.
Get support through the Solar PV Grant
The Sustainable Energy Authority Ireland (SEAI) offers grants for homeowners wishing to install solar PV panels on their property.
| Grant value | Example |
|---|---|
| €900 per kWp up to 2 kWp | €1800 for 2 kWp solar panels |
| €300 for every additional kWp up to 4 kWp | €2100 for 3 kWp solar panels |
| Total Solar PV grant capped at €2400 > | €2400 for 4 kWp solar panels |
You must apply for the grant before starting any work or purchasing any materials, along with ensuring that you meet the criteria.
Read more: All about the Solar PV Grant
Examples of prices
Solar systems are made up of separate panels, called solar arrays. The most common set up for houses in Ireland is an 8-panel 3.2 kWp system, however you may choose to have larger systems for bigger properties, or in households with a higher energy consumption.
For an 8 x 3.2 kWp system
| Cost of panels and installation | €6,450 |
| Amount covered by SEAI grant | €2,184 |
| Total price | €4,226 |
| Estimated energy production per annum | 2,800 kWh |
For an 12 x 4.9 kWp system
| Cost of panels and installation | €7,800 |
| Amount covered by SEAI grant | €2,400 |
| Total price | €5,400 |
| Estimated energy production per annum | 4,500 kWh |
The examples given are based on averages and depend on the circumstances of the property, panels, and other factors. To get a clear overview of the costs for you, you can simply fill out the form to get offers from solar suppliers who can talk you through the setup for your home and how it may benefit you.
Find the best price for solar panels
To know exactly how much a solar system will cost, it is important to obtain personal offers for your particular home. A conversation with a solar supplier can help you understand how you will personally benefit from solar panel installations.
At Solarpanels.ie, you can easily request offers from several suppliers of solar PV panels. Fill in the short form and receive offers on solar systems. Compare the offers and choose the one which suits you, whether you are most concerned with the facility, the supplier, or the price.
