SRESS Financial Benefits

Small-scale Renewable Electricity Support Scheme (SRESS)

The Small-Scale Renewable Electricity Support Scheme (SRESS) in Ireland offers fixed Feed-in Premium (FiP) tariffs to encourage small-scale renewable energy projects.

Businesses installing solar photovoltaic (PV) systems can benefit from these tariffs by exporting generated electricity to the national grid.

Below are three examples illustrating potential earnings for businesses with installations of 100 kWp, 300 kWp, and 1 MWp, respectively.

How much could a 100 kWp array produce per year?

Let’s take a quick look at the financial proposition for a 100 kWp solar array under the terms of the SRESS.

1. 100 kWp Solar PV Installation

• Annual Energy Production: In Ireland, the average annual energy generation is approximately 960 kWh per kWp installed. Therefore, a 100 kWp system would generate: 100 kWp × 960 kWh/kWp = 96,000 kWh per year.
• Applicable Tariff: For Small and Medium-sized Enterprises (SMEs), SRESS offers a tariff of €130 per MWh for solar projects under 1 MW. This equates to €0.13 per kWh.
• Annual Earnings: By exporting all generated electricity to the grid, the annual revenue would be: 96,000 kWh × €0.13/kWh = €12,480.

Your 100 kWp solar array could generate an income of €12,480 per annum based on the published information.

How much could a 300 kWp array produce per year?

Here’s a summary of the financial proposition for a 300 kWp solar array under the terms of the SRESS.

2. 300 kWp Solar PV Installation

• Annual Energy Production: Using the same generation metric: 300 kWp × 960 kWh/kWp = 288,000 kWh per year.
• Applicable Tariff: As with the 100 kWp system, the tariff remains €130 per MWh (€0.13 per kWh) for SMEs.
• Annual Earnings: Assuming full export to the grid: 288,000 kWh × €0.13/kWh = €37,440.

Your 300 kWp solar array could generate an income of €37,440 per annum based on the published information.

How much could a 1 MWp array produce per year?

Now let’s summarise the financial proposition for a 1 MWp solar array under the terms of the SRESS.

3. 1 MWp (1,000 kWp) Solar PV Installation

• Annual Energy Production: Calculating the output: 1,000 kWp × 960 kWh/kWp = 960,000 kWh per year.
• Applicable Tariff: For SME projects between 1 MW and under, the SRESS tariff is still €130 per MWh, or €0.13 per kWh.
• Annual Earnings: (<1 MWp) With total electricity exported: 960,000 kWh × €0.13/kWh = €124,800.

Your < 1 MWp array could potentially generate €124,800 per annum under the SRESS.

Additional Factors to Consider

Just a few additional items to consider when calculating the benefits of SRESS

• Self-Consumption: If a business utilizes a portion of the generated electricity on-site, the volume exported to the grid would decrease, reducing FiP earnings. However, this self-consumption leads to savings on electricity bills, which can be financially advantageous.
• System Performance: Actual energy production can vary based on factors such as geographic location, panel orientation and sky view. Contact Solar Now TODAY for your FREE SOLAR PROPOSAL which will precisely identify potential electricity production at your location.
• System Maintenance: Choose a reliable solar PV partner like Solar Now to ensure your system is supported with regular operations and maintenance visits.
• Tariff Adjustments: SRESS tariffs are subject to periodic reviews and adjustments. It’s essential for businesses to verify current rates and scheme details before project initiation.

In summary, the SRESS scheme provides a structured financial incentive for Irish businesses to invest in renewable energy. By installing solar PV systems and exporting electricity to the grid, companies can generate significant revenue, contributing to both their financial performance and Ireland’s renewable energy targets.

Contact Solar Now TODAY to discuss your SRESS project.

Solar Now (c) All Rights Reserved