Homeowners can sell unused solar power to the national grid. Energy suppliers currently pay rates starting at 20 cent per kilowatt for electricity exported to them. Photograph: iStock
The Swyft Energy Solar PV Index also shows that a standard 12-panel system can pay for itself over a seven-year period. “The figures show that, on average, Irish householders could make net savings of €24,327 over the next 25 years by installing solar PV panels now,” said Swyft Energy chief executive Adrian Casey.The latest Index also highlights how unused power can be sold back to the national grid. Energy suppliers currently pay rates starting at 20 cent per kilowatt for electricity exported to them.said solar panels can help borrowers cut the cost of monthly repayments.
“Green mortgages are not just for buyers – current mortgage holders could potentially benefit by switching from their existing arrangement.”