In my Budget 2022 speech I announced a modest tax disregard in respect of personal income received by households who sell residual electricity that they generate back to the grid. The aim of the measure is to remove a potential administrative barrier to entry to the DECC Microgeneration Support Scheme. It is proposed that the measure would not apply to trading income and that it should be allowed to operate for an initial period of three years with a sunset clause applying at the end of 2024.
A provision of €1 million was made in the Budgetary arithmetic for 2022 in respect of this measure. Currently, it is estimated that some 3,000 households may avail of the relief next year at an estimated maximum cost of €290,000. The Budgetary provision allows for potential growth in the estimate of numbers that will participate in the coming year.