flyingfolly
Registered User
- Messages
- 140
Yep understood. I'm just curious if there is somewhere that lists their rates so we can see who has the best deal overall in terms of daily usage rates plus kw/H microgeneration rates. One provider may have a higher cost but give more for microgeneration so it changes the sums when signing up to providers now.You will need to also factor in the standing charge, day and night rates and your own usage profile.
Do you have a smart meter?
FYI revenue have allowed €200 of a tax credit for microgeneration. If you earn anything more than this, you'll have to pay income tax on it.
That is an excellent point. If income from micro generation is taxable, it would seem as a general principal that the costs incurred in generating that income are deductible, either as expense or by some form of amortisation. @tmcgibneyI’m in the same process myself. Not everyone has their rates published yet. I’ve registered my interest with my current provider (Bord Gáis)
Is there any way of offsetting panel instal costs against potential income tax?
I don't quite follow your point here. Do you mean you would be liable for tax ON 300 rather than €300 in Tax?Have Revenue confirmed that that €200 credit is net? There was originally a question if you were someone who say didn't work from home so generated €500 during the day time hours, then spent €1000 out of hours, you'd be liable for €300 in tax since your "income" was €500.
The model means you get paid for all energy exported to the grid, it's not nett metering where energy you supply can be used to offset your use when your solar isn't generating enough to meet your demand.I would have thought that tax should only be due if you were a net exporter of energy and actually sending more to the grid than you were using therefore making a profit?
Is it the case I have to pay all units with Levies, VAT and everything- only to be paid a reduced unit back?The model means you get paid for all energy exported to the grid, it's not nett metering where energy you supply can be used to offset your use when your solar isn't generating enough to meet your demand.
If you generate 5 units over the course of a day but consume 15 units, you pay your supplier for 15 units, they pay you for your 5 units (at a substantially lower rate than you pay them)
Yes, it changes nothing about the billing for the units you consume from the grid.Is it the case I have to pay all units with Levies, VAT and everything- only to be paid a reduced unit back?
Has anyone been contacted by Elec Ireland?....Their website regugitates the same old cliched PR information , whilst lacking on actual details of the export payment promised to thousands of people who are exporting to the grid for free, and the thousands more with suitable roof space to generate substantial quantities of electricity nationally.According to link below, Electric Ireland should be launching an informative webpage later this week and Electric Ireland hope to have the first payment made by the end of the year backdated to February 2022.
I got an email from Electric Ireland an hour ago to say that I am eligible but otherwise just saying that payment will be before the end of 2022. I wonder what happens if you sell the house in the interim, does the buyer get the backdated credit?Has anyone been contacted by Elec Ireland?....Their website regugitates the same old cliched PR information , whilst lacking on actual details of the export payment promised to thousands of people who are exporting to the grid for free, and the thousands more with suitable roof space to generate substantial quantities of electricity nationally.
The information process to give homeowners their Clean Export Guarantee has been a shambles from the start, and in times of a pending energy crisis and economic war with Russia it sums up the Irish complacey to the new reality..
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