Have you ever wondered how much money you could save by switching to solar panels? With energy prices fluctuating and a growing interest in sustainable living, it’s no surprise that more homeowners across Ireland are exploring solar power as a cost-saving solution. But is it really worth the investment? And how soon can you expect to see a return?
Let’s break it down in plain English and show you just how beneficial solar panel installation can be—especially here in Mayo and across the west of Ireland.
Understanding the Costs and Savings
Before diving into potential savings, it helps to understand the general costs involved in solar power in Ireland. While the exact price varies depending on the size of the system and your home’s energy usage, most residential solar panel installations fall between €6,000 and €10,000.
Luckily, the Sustainable Energy Authority of Ireland (SEAI) offers generous grants to reduce this cost. Homeowners can currently receive up to €1,800 to support their installation. This grant helps to make solar more affordable and accessible, especially as the Government has signalled gradual reductions in the grant over the coming years.
With the grant applied, you’re looking at a typical net cost of around €5,000 to €8,000.
Now, for the good news—once your system is in place, you’ll immediately start seeing savings on your electricity bills.
How Much Can You Save?
The average Irish household saves between €600 and €1,200 per year on electricity after installing solar panels, depending on how much solar energy you can generate and use.
Key factors that affect your savings include:
- System size: Larger systems generate more electricity, leading to greater savings.
- Household energy use: Homes using more electricity during daylight hours benefit most.
- Orientation and roof space: South-facing roofs get the best exposure to sunlight.
- Smart usage: Shifting your energy use to sunny times of day (e.g., running appliances mid-morning) maximises self-consumption.
It’s not just about lower bills either—you can also earn money back through the Clean Export Guarantee, which pays you for any surplus solar electricity sent back to the grid.
When Will You Break Even?
On average, most Irish homeowners break even on their solar panel investment within seven to ten years. And since panels typically last 25 years or more, that means well over a decade of free, clean energy after the system has paid for itself.
In some cases, especially for energy-efficient homes or those with battery storage, break-even can come even sooner.
What’s the Long-Term Value?
Let’s say your system saves €1,000 per year and lasts 25 years—that’s €25,000 in lifetime savings. With rising electricity prices, the savings could be even greater in the future.
You’ll also boost the value of your home. More and more buyers are actively seeking energy-efficient properties, and solar PV is a big plus when it comes to BER ratings and long-term energy independence.
Here’s a quick summary of the benefits:
- Save up to €1,200 per year on electricity
- Earn money from unused power sent to the grid
- Increase your home’s value and BER rating
- Take control of your energy usage and bills
- Reduce your carbon footprint with clean, renewable energy
Is Solar Right for Your Home?
If you’ve got a decent amount of roof space and your home gets a fair bit of sunlight, chances are you’re a great candidate for solar power. Even cloudy days in Ireland produce enough light for modern panels to generate electricity efficiently.
The best way to know for sure is to get a tailored consultation. At Moy Solar, we provide expert advice and a full assessment of your home’s suitability—completely free of charge. We’re local, we’re thorough, and we take pride in doing the job right.
You don’t have to go it alone—we’re here to guide you every step of the way.
Ready to Start Saving?
Solar energy isn’t just about reducing bills—it’s about investing in your future, your home, and your community. With the right system in place, you’ll enjoy long-term peace of mind knowing you’ve taken a smart and sustainable step forward.
At Moy Solar, we’re proud to power Mayo and beyond with down-to-earth energy solutions that work. If you’re ready to take control of your energy costs, contact us today for a free consultation.
