19 January 2023
Grants for Solar PV on Farms
With the ongoing energy crisis and seemingly ever-increasing energy costs, maybe now is the time for Farmers to invest in a greener future.
The case for considering Solar PV on your farm has never been better! Some very beneficial grants and tax benefits can be obtained with an investment in Solar.
Firstly, a 60% TAMS grant is available, which will massively assist with some of the capital outlay.
Secondly, VAT is fully refundable for non-VAT registered farms, and 100% of the net outlay can be written off against tax in year one, for sole traders at a high rate of tax can be as much as a 54% tax write-off!
So when it comes to investing in the future of your farm, it’s important to consider all of your options. One option that many farmers in West Cork may not be aware of is the Cultivate Farm Loan offered by Access and Bantry Credit Unions. This loan program is designed specifically for farmers looking to invest in their farm, livestock or energy upgrades. It comes with a number of benefits that make it a competitive choice.
Firstly, a Cultivate Farm Loan is the flexibility it offers. Access Credit Union understands that every farm is unique and that farmers have different needs and goals. That’s why they work closely with each farmer to create a loan package that is tailored to their specific needs. Whether you’re looking to purchase new equipment, make improvements to your land, or invest in solar energy projects, a Cultivate Farm Loan can help you to achieve your goals.
In addition to financial benefits, a Cultivate Farm Loan can also help you to improve your farm’s environmental performance. Access Credit Union encourages farmers to invest in sustainable projects such as solar PV systems, energy storage systems, and renewable energy projects. By doing so, farmers can not only reduce their energy costs but also contribute to a greener and cleaner environment.
Lastly, the application process for a Cultivate Farm Loan is quick and easy. The loan officers at Access Credit Union are experienced in working with farmers and understand their unique challenges. They are dedicated to providing fast and efficient service and are always available to answer any questions.
So, if you’re a farmer in West Cork looking for a competitive loan option to help you invest in your farm, consider a Cultivate Farm Loan from Access Credit Union. With competitive interest rates, flexible loan packages, and a focus on sustainable projects, it’s an excellent choice for any farmer looking to grow their business and strengthen their farm for the future.