The Minister for Finance, Michael McGrath and Minister for the Environment, Climate and Communications, Eamon Ryan announced a zero rate of VAT for the supply and installation of solar panels for private dwellings from 1 May 2023.
The Department of Finance has estimated that the measure will cost €19 million annually.
Speaking after the Government meeting, Minister for Finance Michael McGrath stated:
“The Government has agreed to reduce the VAT rate on the supply and installation of solar panels to zero for private dwellings from 1 May 2023. This will result in a significant reduction in the installation cost for households and I believe will encourage more people to avail of this innovative technology.
This measure underlines the Government’s commitment to help households to save money on their energy bills and reduce their carbon footprint and contribute positively to our national climate change targets. I have received approval for the measure to come into effect from the start of next month to prevent any dislocation in supply ahead of its introduction.”
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