Prices of Solar PV Panels & comparison
No. of Solar Panels |
08 Panels |
10 Panels |
12 Panels |
Kilowatt Peak |
3.2 kWp |
4.1 kWp |
4.9 kWp |
Annual Generation |
2,700 kWh |
3,500 kWh |
4,200 kWh |
Self Consumption |
€720 |
€800 |
€860 |
Exported Electricity |
€200 |
€330 |
€440 |
Annual Savings |
€920 |
€1,130 |
€1,300 |
Average Price |
€7,066 |
€8,383 |
€8,874 |
SEAI Grant |
-€1,600 |
-€1,800 |
-€1,800 |
Net Cost |
€5,466 |
€6,583 |
€7,074 |
Payback Estimate |
5 Years |
5 Years |
5 Years |
The above is based on estimated installation costs, self-consumption and annual solar generation from south facing roof in Dublin City. Savings base on average electricity rate of 41c/kWh and microgeneration rate of 21c/kWh that is exported. All prices calculated at 0% since 1st May 2023.
*An average solar PV system can save over 50% per year on electricity, based on an average consumption of a house being 4200kWh/units. 8 x Solar PV panels or 3.2kWp will generate approx. 2700 units per year (50% of 4200,kWh/units = 2100kWh/units).