The government has announced a new scheme that will allow Homeowners, farmers, business owners and community groups who produce electricity from solar panels and other renewable sources will soon be able to sell their excess power to the national grid.

A scheme for ‘microgenerators’ is being developed and Climate Action Minister Eamon Ryan says he wants it to be running by July this year.

Schools, factories, supermarkets, hotels, commercial premises, public buildings and agricultural buildings with larger roof space – as well as space for ground-mounted solar, individual wind turbines and other forms of microgenerators – have the potential for much higher savings and earnings.

Details of the scheme will be finalised after a public consultation period running from today until February 17, but consultants engaged to come up with proposals favour allowing power companies to offer deals to customers based on the wholesale price of electricity.

The ESB says the network could accommodate widespread microgeneration by households without having to upgrade infrastructure.

Apart from the long-term financial incentives, the push for self-generation of electricity is important in cutting fossil fuel use and reducing carbon emissions.

“This scheme will allow people and communities to become active participants in the energy transition,” said Mr Ryan.

“By producing and selling their own electricity, citizens, farmers, business owners and community organisations can save on their energy costs and reduce their carbon footprint.”

The cost of the scheme is estimated at €20m annually in the early years, which would be funded through an existing levy, the PSO, already charged on electricity bills.

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If you are interested in learning how much money you can save by installing solar panels simply contact us or call us on (056) 772 4111 to arrange your FREE Survey, Advice & Quote.

Details of the new scheme can be found on links below: