Agriculture is one of the pillars of industry in Ireland and has in recent years begun to recognise the importance of sustainability, both from an environmental and financial standpoint
It’s no secret that energy expenses take a significant bite out of any farm’s budget, which is why many are turning to generating renewable energy with PV solar panels as a smart solution.
There are several tax incentives available in agriculture for Solar PV, including the Targeted Agricultural Modernisation Scheme (TAMS) grant and the Accelerated Capital Allowance (ACA) SEAI grant.
As of February 22nd, 2023, the TAMS grant has been enhanced with a 60% grant rate and a €90,000 ceiling for farmers who invest in solar panels.
With a payback period of as little as 4-5 years, investing in Solar PV is a no-brainer for farmers looking to save money in the long run. However, each system’s performance will vary depending on several factors such as size, location, and accessibility.
To learn more about how Solar PV can benefit your farm and get a quote, please click here or reach out to us at 01 25 333 49.
