The Opportunity
What does this actually mean?
Your house does one thing with electricity today. It buys it.
It could do four.
- Make it. The roof turns daylight into electricity the house uses straight away.
- Time it. With a smart meter, some hours of the day cost far less than others.
- Sell it. Whatever the roof makes and the house does not use goes back out, and you are paid for it.
- Store it. A battery holds the afternoon’s electricity until the evening.
The first three are easier to arrange than the last one, and that is the order we
will take them in.
Why Now
Why are people talking about this now?
Not because the technology changed. Because the roof and the meter did.
The rules on the roof relaxed. You no longer need planning
permission for solar panels on a house, and there is no limit on how much of the
roof they cover. There is no VAT on them either.
The meter arrived. More than four in five Irish homes now have a
smart meter, fitted by ESB Networks.
And the meter is the part that matters. Without one, nobody can
measure what your house sends back, so nobody can pay you for it.
More than 140,000 households in Ireland are already being paid for the electricity
their roofs produce. This is not a trial. It is running.
Today
What can an Irish home do today?
Make it
There is a grant of up to €1,800 towards panels, and no VAT
to pay on them.
Not every house qualifies. It has to have been built and lived in
before 2021. And the grant can only be claimed once at any address, so if a previous
owner claimed it, it has already been used.
It gets smaller each year and finishes in 2029, so waiting costs you some of it.
Time it
A smart meter lets your supplier charge different prices at different hours. Night
is cheaper than evening.
If you have an immersion, a dishwasher or a car in the driveway, moving them to the
cheap hours costs nothing and changes the bill.
Which hours are cheap, and how cheap, depends on your supplier. It is worth
checking what yours offers.
Sell it
On a bright day the roof usually makes more than the house is using. Whatever is
left over goes back out to the grid.
Every electricity supplier in Ireland has to pay you for it. How much they pay is
up to them, and it can change, so it is worth seeing what others offer.
The first €400 a year you earn this way is free of income
tax, up to the end of 2028. Above that it is taxed like any other income. You do not
need to declare the exempt amount at all.
Store it
A battery holds what the roof makes in the afternoon so the house can use it that
evening.
There is no grant for a home battery. There is one for the panels,
but not for storing what they make. Worth knowing, because it is easy to assume
otherwise.