Discover how solar energy is shaping Ireland's economy and communities.
The Irish Solar Energy Association (ISEA) engaged KPMG to assess the economic impacts of the solar energy industry in Ireland. Solar energy is now a significant contributor to Ireland's energy supply, providing renewable electricity to our homes, businesses, and the national grid.
The deployment of solar capacity in recent years is driven by Ireland's Climate Action Plan target of 8 GW by 2030 and the sustained reduction in the cost of solar panels, along with the benefits of onsite generation for customers.
"Solar energy is no longer just a future ambition. As Ireland accelerates its transition to renewable energy, solar power stands as a key pillar of our national strategy. This report highlights the critical role solar will play, not only in driving carbon reductions but in delivering real economic and social benefits." — Conall Bolger, CEO, ISEA
Key Findings:
Gross Value Added (GVA):
The solar industry’s baseline GVA is estimated at approximately €437m - €514m in 2024, with a significant portion arising from capital activities. By 2030, achieving the 8 GW target is expected to deliver GVA of approximately €480m - €565m.
If national targets are met, the sector will contribute over €2.3 billion in additional GVA between 2025 and 2030.
Employment Impact:
Solar energy currently supports approximately 5,480 - 6,440 jobs across Ireland, including both direct and indirect roles, with potential growth to 7,130 jobs by 2030.
Total payments to labour in the economy could reach up to €1.4 billion from 2025 to 2030.
Community Benefits:
The solar industry provides significant revenue to local authorities, estimated at €4.3m - €5.4m in 2024, potentially growing to €51m annually by 2030.
Contributions to Community Benefit Funds are expected to reach up to €15 million per annum by 2030, providing vital resources for local initiatives.
“Increasing solar capacity is driven by the Climate Action Plan’s target to generate 80% of electricity from wind and solar power by 2030. This report assesses the economic benefits of the solar energy industry, finding that if these targets are met, the sector will contribute over €2.3 billion in Gross Value Added (GVA) to the Irish economy between 2025 and 2030.” — James Delahunt, Partner, KPMG
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