Darren O'Rourke
Question:77. Deputy Darren O'Rourke asked the Minister for the Environment, Climate and Communications the estimated cost to double the domestic solar PV scheme by 50% over the next five years. [56818/23]
View answerWednesday, 17 January 2024
Questions (77)
Written answers
The Microgeneration Support Scheme (MSS) was approved by Government on 21 December 2021, to support Ireland’s ambitious targets for micro-generation installation under the Climate Action Plan 21. The MSS provides supports to both domestic and non-domestic applicants, in the form of grants for Solar PV installations, which are available through the Sustainable Energy Authority of Ireland (SEAI). Domestic applicants can currently avail of grants up to a maximum of €2,100.
Capital expenditure on the domestic solar scheme in 2023 was €52.1 million. For this outlay to be increased by 50% over the next five years, this would require an annual growth rate of approximately 8.45%. The below table charts a gradual year-to-year expansion of the domestic solar PV budget to reach a capital allocation of €78.15 million by 2028.
|
Year |
Capital allocation (millions €) |
|
2024 |
56.5 |
|
2025 |
61.27 |
|
2026 |
66.45 |
|
2027 |
72.06 |
|
2028 |
78.15 |