Pinergy announces new Micro-generation offering

  • 42% of businesses say ‘yes’ to investing in solar panels if they can sell excess electricity
  • Pinergy to play its part with a new MicroGen offering where micro-generating businesses, homes & farms can sell their excess energy back to Pinergy for 13.5c per kWh

New independent research conducted on behalf of clean energy supplier Pinergy, by iReach, has indicated that 42 per cent of businesses will seriously consider investing in solar panel installations if they can sell excess electricity to the national energy grid. Pinergy has announced today a Clean Export Guarantee (CEG) tariff* of 13.5c per kWh, for eligible customers selling their excess solar energy back to Pinergy.

The iReach survey of 200 businesses nationwide has highlighted that over 66 per cent of businesses are now planning to take positive action in 2022 so they are more ‘sustainability focused’.  The research also indicated that for 66 per cent of respondents, the need for businesses to play their part in a sustainable future was the top motivating factor for wanting to make sustainable changes.   This was followed by the desire to ‘make the business look good’ (47 per cent) and ‘responding to customer demands’ (42 per cent).

In response, Pinergy is ramping up its service offerings and capabilities to support the growing demand from businesses, homes and farms looking to avail of the economic and environmental benefits of Solar PV panel installations.

Having last year acquired Solar Electric, Ireland’s leading solar PV business, Pinergy is now re-branding the solar energy business to become known as ‘Pinergy SolarElectric’ and thereby strengthening its alignment within the enlarged Pinergy business.  To add further capacity and resources, Wexford-based Pinergy SolarElectric has created 10 new business development roles across the country.

Today’s Pinergy announcement comes ahead of what is expected to be a year of great opportunity for micro-generation and particularly for solar, in the energy market.

The rise in demand for solar energy comes as no surprise as the energy market continues to grapple with supply concerns and rising energy prices as it did throughout 2021. According to this new research, the cost associated with installing solar panels is the biggest barrier for businesses investing in solar, cited by six in 10 companies.

However, the cost associated with installing solar panels is now set to become more attractive due to the availability of generous SEAI grants and initiatives like the Pinergy Micro-Gen Plan under the Microgeneration Support Scheme. Solar energy can give businesses and individuals control over their energy supply and costs while empowering them to reduce their environmental impact.

Commenting on this latest development for Pinergy, Enda Gunnell, chief executive at the company said: “Ireland has committed itself to significant environmental targets and at Pinergy we believe solar energy will play a critical role in enabling us to achieve these targets.

“The introduction of the Micro-generation Support Scheme will play a vital role in Ireland’s energy transition. The Micro-generation Support Scheme coupled with revised SEAI grants will create a fantastic opportunity for individuals and businesses and will really incentivise people to invest in Solar PV panels in 2022.”

He continued: “We are seeing a clear shift in people’s mindsets in term of solar energy and taking control of their own needs through micro-generation. We believe the future will see even more demand for renewable energy generated locally which will bring us closer to achieving a more sustainable energy future for Ireland.”

Pinergy is seeing demand growing for micro-generation projects, particularly solar, from businesses, homes and farms already this year. The demand is caused by a number of factors such as, inflated energy pricing from the grid, a range of generous incentives such as SEAI grants and capital allowances, concerns about security of supply, a desire to enhance reputation in terms of sustainability and businesses looking to enhance their ESG reporting.

Pinergy’s new MicroGen Plan will see it pay 13.5c per kWh for any excess electricity generated for commercial and domestic customers during 2022 who sign up to the plan and who are on a Pinergy electricity supply contract.

“At Pinergy, it is our hope that these latest developments in our solar offering will empower 1,000s of businesses and homes to generate their own electricity and get paid for any supply they don’t use, thus reducing energy waste whilst getting paid for it” said Gunnell.

He added: “We are delighted to see a growing demand for more sustainable energy solutions. At Pinergy, we are committed to providing a range of energy solutions to our customers and we believe, working together, Pinergy and Pinergy SolarElectric can create a more sustainable energy future for all.”

ENDS

*The Clean Export Guarantee (CEG) tariff represents the first phase of a comprehensive enabling framework for micro-and small-scale generators in Ireland.  It will allow them receive remuneration from their electricity supplier for all excess renewable electricity exported to the grid.

Pinergy acquires Solar Electric, Ireland’s leading Solar PV business

Pinergy, the smart energy supply & solutions business has today announced that it has acquired Solar Electric, Ireland’s leading designer and installer of solar renewables and energy storage systems. Established in 2012 and based in Killanne, Enniscorthy, Co. Wexford, Solar Electric has been at the forefront of the emerging micro-generation sector in Ireland and is now seeing strong growth and demand for its services as more businesses and homes seek to generate their own electricity.

Shortly, we will see the introduction of “export” tariffs in Ireland for the first time, which means that homes & businesses with Solar PV installations will be able to sell any excess electricity back to licensed energy suppliers like Pinergy. The Irish Solar Energy sector is expected to grow significantly over the next decade as Government policy and the Electricity infrastructure will aim to deliver on our 2030 climate targets.

Commenting on this latest development for Pinergy, Enda Gunnell, chief executive at the company said: “This investment significantly builds on the working relationship we have had in place with Solar Electric since 2017.  We see great opportunity in the Solar PV & Energy storage sector where we can help our clients to self-generate, store, use or sell onward the energy that they do not use. Thus, treating energy as a resource, not a commodity.” 

According to Gunnell: “With Ireland’s Climate Action Bill now passed and commitments on targets to have the country achieve net zero emissions by 2050, there will clearly need to be an acceleration in the Solar PV estate across Ireland as part of our renewable energy mix.  In addition, the rollout of the Microgeneration Support Scheme, when launched, will play a vital role in the energy transition, encouraging businesses and communities to generate their own energy and sell excess renewable energy into the national grid.  Our acquisition of Solar Electric will empower our customers to better optimise their energy needs from either the Grid or via Solar generation. We very much look forward to working more closely with the team at Solar Electric to better serve our customers so they can all play their part in a sustainable energy future.”

Tom Foley, Founder of Solar Electric said: “Pinergy’s investment in our business is a real vote of confidence in the Solar Electric story. Both Pinergy and Solar Electric are looking at energy generation, supply and consumption in new and innovative ways. The latest technology together with clarity and insights mean our clients are in total control of their energy needs.  I am very confident that our combined offering and expertise will further enhance our already ambitious growth strategies to treble the size of our Solar PV & Energy Storage business during the next five years. We are looking forward to working with the team in Pinergy to tap into their expertise, innovation and insights.” 

Solar Electric has designed & installed Solar PV infrastructure in 100’s of homes, commercial businesses, semi states and farms across the country helping these clients to go ‘off grid’ for some or all of their energy needs.

The Directors of Solar Electric, Tom Foley and Robert Goss, will continue to drive the solar business with Enda Gunnell and Peter Bastable joining the board. Both Pinergy and Solar Electric will continue to operate as distinct businesses and this latest investment will have no impact on the day-to-day business operations of the respective companies.

Why Solar PV? – an introduction

Solar Electric only install solar PV (sometimes called solar electric) systems. Solar thermal systems can provide hot water, need regular maintenance and may not work at all during the colder months while Solar PV provides electricity, which can be diverted to the hot water tank, or used in any appliance. No maintenance is required and, while output is stronger in the summer, on most days electricity will be produced.

Our goal for domestic customers is to offset 50% of their electricity bills with a Solar PV system. A typical home will need between 12 and 24 solar modules each measuring 1m wide by 1.6m high. Installations of 6-12 modules might suit smaller homes. Solar modules will not be effective if fixed to north-facing roofs. South facing roofs are ideal but we have had excellent results from east-facing roofs where output is stronger in the morning and west-facing roofs that benefit from afternoon sun.

For a quotation we can get a lot of information from Google Earth if you provide us with the Eircode or GPS coordinates. Sometimes we can even measure the roof – otherwise we might want to visit your home or ask you to email over a photograph or two.

Finally you might ask us for a reference from an existing customer. Previous “solar pioneers” are always happy to share their experiences with new customers and with more than a hundred existing installs we’ll probably find one close by.

 

 

 

 

Home Renovation Incentive (HRI)

Get the VAT back on installations before the end of 2016. Installing solar PV qualifies as a home improvement under the scheme. Solar Electric are an approved contractor so, on projects above €5,000 on your own or a tenanted property, you can reclaim the VAT through your tax code:

Finance Bill (No. 2) 2013 provides for a Home Renovation Incentive (HRI) scheme which will run from 25 October 2013 to 31 December 2016. The incentive provides for tax relief for Homeowners by way of a tax credit at 13.5% of qualifying expenditure on repair, renovation or improvement work carried out on a principal private residence.

For more information see: http://www.revenue.ie/en/tax/it/reliefs/hri/index.html

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