Holly Cairns (Cork South West, Social Democrats)
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371. To ask the Minister for Finance his views on establishing a tax credit scheme for homeowners with solar panels or other renewable energy generation means who are net contributors of energy to the national grid. [50905/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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As the Deputy will be aware, in my Budget 2022 speech, I announced that I propose to introduce  a tax disregard in respect of personal income received by households who sell residual electricity that they generate back to the grid, in the forthcoming Finance Bill.  The amount of the disregard will be set at €200.  This figure should ensure that most participants will pay no tax on income from this source.

The measure will operate for an initial period of three years with a sunset clause applying at the end of 2024.

The aim of the measure is to remove a potential administrative barrier to entry to the Department of the Environment and Climate Change Micro-generation Support Scheme. 

Further details will be set out in the Bill.