Zero VAT on solar panels could reduce costs by €1k

The move will mean a saving of approximately €1,000 to the average solar photovoltaic (PV) installation, bringing the average €9,000 cost for installation down to €8,000, according to the Department of Finance.

The zero VAT rate will apply to the supply and installation of solar panels on homes and public buildings. All homeowners, including private landlords, whose homes were built and occupied

“We have set a target to reach 5GW of solar energy by 2025, increasing this to 8GW by 2030,” said Minister for the Environment, Climate and Communications Eamon Ryan. “Just 1GW is enough to power about 750,000 homes.

“While this move will help consumers, it will also help the environment. Currently over 50,000 homes have solar panels, with 17,000 solar installations connecting to