Loans for Solar Panels

Finance your solar panels with Heritage Credit Union

Thinking about generating more of your own electricity and reducing your home's reliance on energy from the grid? Installing solar panels can be a significant upfront investment, even when grants are available.

A Green Loan from Heritage Credit Union could help you spread the remaining cost of installing solar panels with manageable repayments.

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Financing Solar Panels in Ireland

Installing solar panels can help you generate more of your own electricity and reduce the amount you need to draw from the grid. Depending on your system and how you use electricity at home, you may also choose to add a battery to store energy for later use.

The overall cost will depend on the size of your solar PV system, the number and type of panels you need and the work involved in installing them on your property. Your installation will also include equipment such as an inverter and mounting system, along with the necessary electrical work.

Adding battery storage, energy monitoring or carrying out associated roof work can increase the initial cost. Available grants may reduce the amount you ultimately need to cover, so it is worth factoring these in when working out how much you may need to finance.

How Much Do Solar Panels Cost in Ireland?

The cost of installing solar panels in Ireland can vary considerably depending on the size of the system, the equipment selected and the characteristics of your home.

Some of the main factors that can affect the cost include:

Type of costThings to consider
Number of solar panelsLarger systems generally cost more but can generate more electricity
Panel specificationThe efficiency, output and manufacturer of the panels can affect the price
InverterYour system will require an inverter to convert the electricity generated into electricity your home can use
Battery storageAdding a home battery can increase the upfront cost of the system
InstallationRoof type, accessibility and the complexity of the installation can affect labour costs
Additional electrical workSome properties may require additional electrical work as part of the installation
Monitoring & controlsSome systems include apps, smart controls or additional monitoring equipment

Before deciding how much you need to borrow, get quotations from registered installers and compare the total cost of the installation after any grant support for which you may be eligible.

How Much Do Solar Panels Cost in Ireland?
solar grants ireland

Are There Grants for Solar Panels in Ireland?

Yes. The SEAI Solar PV Scheme provides grant support towards the installation of solar PV panels on eligible homes in Ireland.

The amount of support available and eligibility requirements can change, so rather than hard-coding the current grant amount into the page, I'd keep this section relatively evergreen and send users directly to SEAI for the latest information.

You generally need to meet the scheme's eligibility requirements and use an SEAI-registered solar PV company to qualify.

Check the Current SEAI Solar PV Grant

Even with grant support, you'll usually need to fund some of the cost of your solar installation yourself. A Heritage Credit Union Green Loan could help you finance the remaining cost.

How Much Can I Borrow for Solar Panels?

The cost of a solar PV installation can vary depending on the size of the system, your property and whether you add features such as battery storage. Your final cost may also be reduced if you're eligible for an SEAI grant. A Heritage Credit Union Green Loan could help you finance the remaining cost of your solar installation.

Use our loan calculator below to see how much your repayments could be based on the amount you'd like to borrow and your preferred repayment term.

Maximum Loan Amount :
Maximum Loan Term :

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Required Loan Term

Repayment Frequency
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APR
6.11%
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Total Cost
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APR
6.11%
# Repayments
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APR
6.11%
# Repayments
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Total Cost
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APR
6.11%
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Total Cost

This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.

Please Note You must either live, work or study in our common bond area to avail of these loans.

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