THE CEO of a renewable energy company, Solar 21 has calculated that households in Kilkenny are spending €29,651,000 a year on Electricity and that figure is only set to rise.
“Kilkenny households spend an estimated €29,651,000 on electricity each year – in these straightened times that’s an awful lot of money and is unaffordable in the long term for many. What is more, unlike solar energy, it looks like electricity is going to increase in the long-term so consumers will need to get used to seeing their monthly bills increase”, said Michael Bradley of Solar 21.
Mr Bradley claimed that the installation of renewable energy technology in houses could save householders up to 30% on their annual household electricity bills.
“While the initial outlay may looks a little bit pricey - the cost of a solar system approximately an additional 2 - 4% of the average house price. The long-term benefits far outweigh the initial investment. In addition the Better Energy Homes Scheme, administered by the Sustainable Energy Authority Ireland, provides grants to certain homeowners to improve the energy efficiency of their home. Landlords and owners of more than one property can also apply for a grant under the scheme. You must have grant approval before you buy materials or start any grant-funded energy-saving work. But once you have satisfied certain conditions you could be eligible for a grant of €800” said Mr Bradley.
Mr Bradley was encouraging people to invest their pensions into renewable energy systems for homes. He said that renewable energy wasn’t subject to the fluctuations of the stock market and produced healthy stable returns for investors.