Is Solar a Good Investment? The Future of Sustainable Living in Ireland

Joe Brennan
Jul 3, 2023

Are you tired of hefty energy bills pulling down your monthly budget? Is solar a good investment for homeowners like you in Ireland? 

If these questions resonate with your current predicament, you are in the right place. We at Going Solar are here to provide an in-depth understanding of investing in solar energy, which could improve your life.

The Need to Consider Solar Energy

Rising Energy Costs

Energy costs in Ireland are rapidly increasing. With the ongoing price hikes in fossil fuel-based energy, homeowners consistently feel the pinch. From electricity to heating, every utility bill is growing bigger. Once set up, solar energy offers a steady, predictable, and significantly lower cost, safeguarding you from unexpected spikes in energy prices.

Environmental Impact

We live in an era where the effects of climate change are becoming more apparent. Carbon dioxide, a by-product of burning fossil fuels for energy, is a major contributor to global warming. 

Switching to solar energy drastically reduces your carbon footprint, helping you contribute to a sustainable and environmentally friendly future. Solar power is clean, renewable, and important to global efforts to reduce greenhouse gases.

Energy Independence

Relying on the national grid for power often means being at the mercy of power outages and energy price fluctuations. Solar power offers you energy independence. 

By generating your own electricity, you are less impacted by these disruptions. This can be especially important in rural or remote areas with inconsistent power supply.

Technological Advancements

Over the last few years, significant advancements in solar technology have made it more efficient and accessible. Modern solar panels are more effective at converting sunlight to electricity, even on cloudy days, making them a viable energy solution in Ireland. 

Furthermore, innovations in battery storage systems mean excess power can be stored at night or in low sunlight conditions.

Growing Community Consciousness

There is a growing trend of communities working together to create sustainable, self-reliant neighbourhoods. Solar power is a key aspect of this movement. By installing solar panels, you're making a decision for your household and inspiring your community to follow suit, fostering a sense of unity and shared values.

Job Creation

The solar industry has the potential to create numerous jobs. The industry supports various roles, from manufacturing to installation and maintenance. Investing in solar energy supports an industry that provides local jobs and contributes to the economy.

Diversification of Energy Sources

Due to price volatility and supply issues, relying solely on traditional energy sources can be risky. Solar energy offers a way to diversify our energy sources, contributing to a more robust and resilient energy system. This diversity is essential for energy security, especially in the face of geopolitical tensions or disruptions to fossil fuel supply.

Is Solar a Good Investment in Ireland?

Investing in solar panels can seem like a hefty upfront cost, but is it a good investment in the long run? Let's delve deeper to understand better.

Financial Savings

One of the primary benefits of investing in solar panels is the potential for financial savings. Once installed, solar panels can drastically reduce your monthly energy bills. While the upfront cost might seem high, these savings over the years can outweigh the initial investment, making solar energy a financially sound decision.

Government Incentives

The Irish government offers various incentives to encourage the adoption of solar energy. One of these is the Solar Electricity Grant, which significantly offsets the installation costs of solar panels for homeowners. By taking advantage of these incentives, the financial burden of switching to solar becomes much more manageable.

Increasing Property Value

Properties equipped with solar installations are perceived as more eco-friendly and future-proof, making them more appealing to potential buyers. This can lead to an increase in property value. So, investing in solar panels helps you save on energy costs and can also be an investment in your property.

Lower Carbon Tax Liability

Ireland's carbon tax affects the cost of fossil fuel energy sources. As this tax increases, the cost savings from solar energy increase. By switching to solar energy, homeowners can avoid future increases in carbon taxes, providing further financial incentives.

Reliable Energy Source

Unlike fossil fuels, solar energy is a reliable and infinite resource. The sun rises daily, providing a consistent power source for your solar panels. This stability is a strong point in favour of solar investment, as it offers an assurance of energy availability in the long term.

Solar Battery Storage

With advancements in solar battery storage, homeowners can store excess solar energy produced during the day for use during the night or on cloudy days. This means you can maximise the use of your solar panels, further increasing your return on investment.

High ROI in the Long Term

Despite the upfront costs, the return on investment (ROI) for solar panels is high in the long term. Between the reduction in energy bills, government incentives, and increased property value, solar panels can pay for themselves over their lifetime.

Longevity of Solar Panels

Solar panels are designed to be robust and durable. Most panels are expected to last 25-30 years, and many manufacturers offer warranties to back this up. This long lifespan means you'll reap the benefits of your investment for many years.

Solar Services by Going Solar

Solar Panel Installation

Going Solar offers top-quality solar panel installation services tailored to your specific needs. Our team of experts ensures an efficient and hassle-free installation process, providing you with a reliable energy solution.

Maintenance and Repair

Our services don't just end with installation. We provide regular maintenance and repair services to ensure your solar panels work optimally throughout their lifespan.

Preparing for a Solar Future by Going Solar

Energy Independence

Investing in solar energy gives you energy independence, allowing you to generate your power and break free from the constraints of energy companies and rising costs.

Contribution to a Greener Planet

By switching to solar, you are directly contributing to a greener planet. Every unit of solar energy produced reduces carbon emissions, making your home a part of the solution to climate change.

Final Thoughts

Is solar a good investment for homeowners in Ireland? With financial savings, government incentives, and increasing property value, the answer seems to be a resounding yes. 

Why wait to make a decision that could transform your energy usage, save you money, and contribute to a sustainable future? Take the first step with Going Solar and join the solar revolution today.

Planning a switch to solar energy?

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Frequently Asked Questions

How much does it cost to install solar panels in Ireland?

The cost of installing solar panels varies based on various factors. Get in touch with us at Going Solar to get a personalised quote.

How much can I save by switching to solar energy?

Your savings depend on several factors, including energy consumption and solar panel efficiency. However, you can expect significant savings on your energy bills in the long run.

Are there government grants available for solar panel installation?

Yes, the Irish government provides the Solar Electricity Grant for homeowners installing solar panels.

How long do solar panels last?

Solar panels typically last 25-30 years. However, with proper maintenance, they can last longer.

Does Going Solar provide maintenance and repair services?

Going Solar provides comprehensive maintenance and repair services to ensure your solar panels function optimally.

Will my solar panels work on cloudy or rainy days in Ireland?

Yes, solar panels can still generate electricity on cloudy or rainy days, although their efficiency may be reduced compared to sunny days. Modern solar panels are designed to capture diffused sunlight, allowing them to produce electricity even under overcast conditions.

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*FYI, parts of this blog post were drafted by artificial technlogy. But rest assured, it's been thoroughly researched, edited, reviewed and me & my team.
Author Fahad Zahid
Founder @ Going Solar

Joe Brennan, the founder of Going Solar, is dedicated to making solar power mainstream in Ireland and meet SEAI objectives. With a focus on affordability and sustainability, he is bringing renewable energy solutions to homes, reducing costs & environmental impact.