Farmer Grants
The grant aid rate for solar PV systems is 60% for farmers. This is a significant increase from TAMS II which was set at 40%.
Importantly, Irish farmers who benefited from TAMS II can reapply in full under the new scheme. Contact us now for more information to see if you are eligible for a Solar Grant.
TAMS Solar Grants for
Farms
The grant aid rate for solar PV systems is 60% for farmers. This is a significant increase from TAMS II which was set at 40%.
The department has announced that solar PV systems will have a separate investment ceiling up to €90,000. Additionally, the scheme sees an increase in the size of available investments from 12kW to 62kW. The scheme will ultimately enable every farmer to generate their own power to help achieve a more sustainable rural economy, and reduce energy costs on their holdings.
Please see below of an example of how you can save with a solar system supported by TAMs.
Payback Period for a 30kWp system including Grants
Estimate of Solar PV payback for a 100-cow dairy farm
Estimate of future energy prices | 25 cent | 29 cent | 35 cent |
Cost | |||
Estimated equipment costs for 30kWp system | €46,000 | €46,000 | €46,000 |
Grant aid | |||
TAMS 60% | -€27,600 | -€27,600 | -€27,600 |
Net Cost after TAMS | €18,400 | €18,400 | €18,400 |
Estimated Savings | |||
Electricity Produced & Consumed on site -90% | 4,500kWh | 4,500kWh | 4,500kWh |
Grid Feed in - 10% | 500kWh | 500kWh | 500kWh |
Estimated Savings | €6,534 | €7,290 | €8,424 |
Return on Investment | |||
Breakeven without TAMS grant | 7 Years | 6.3 Years | 5.5 Years |
Breakeven with TAMS grant | 2.8 Years | 2.5 Years | 2.2 Years |
Estimated System Lifetime | 25 Years + | 25 Years + | 25 Years + |
This table does not include any additional savings from the Accelerated Capital Allowance which will reduce the payback period even further.