2 year payback after capital allowances for business

Commercial solar panel installations are becoming increasingly popular and will continue amid the energy crisis.

Businesses in Northern Ireland can claim 19% off their tax bill for solar installations under Capital Allowance.

Savings after 2 years

We recently installed a full 50kw system to a business in Ireland. They are currently using 47,340 kWh from their solar PV installation, using them to the maximum output of the solar panels available to the roof space. Yet they are still saving nearly £19,000 a year on their energy bills!

Solar pay back

Due to the Capital Allowance reducing the cost of this full install by 19%, the customer is expecting to achieve just a 2-year payback period. Everything after that, is pure savings annually for this business.