Across east Galway and, indeed, the country, families and farmers are putting their own money into solar panels. They are looking at the electricity bill, they are looking at the roof on the house and the farm shed, and they are making a decision to invest. That investment is something that should help them for years to come. Even with grant support, that is still a substantial commitment. People use savings and some borrow. They work out what they have to and make sure that the payback period makes sense and that they will get their money back. Part of that calculation is what they will receive for the electricity they supply to the grid. My concern is that, over time, suppliers could chip away at those payments, leaving people with a very different return from the one they expected when they installed their panels. I recognise that the clean export guarantee provides for payment, but families need some certainty about what that payment will be worth. If a household is expected to pay a high price for electricity coming into the home, it is reasonable to expect a respectable price for the electricity going out. I accept that there are different costs involved, but the small producer still deserves a fair deal. Will the Government examine a minimum export payment or another enforceable safeguard to protect households and small farmers against the erosion of their payments? Will the Minister of State ask the regulator to examine whether the current arrangements give people enough certainty to invest?
To elaborate on it a bit further, I have a fear that, down the line, the electricity suppliers could cut the payments that people based their original decisions on. There are many people out there right now who are struggling to meet the high costs of energy and just keeping their lives going. Whether it is the electricity coming into the house or trying to operate a small business or farm, everyone can benefit from being energy independent in their own right. That is what solar panels give people. I understand about if the grid does not have the capacity, whether it is by virtue of not having enough battery storage yet or whatever the case may be, but we cannot allow the energy companies to disregard the initial investment that was made by these people and the deal that they signed up to. For example, if they are getting 19 cent per unit that they export, they should continue to get that because that was the deal that they signed up to when they bought the panels. I understand that things can change, but the Government needs to give people certainty over the amount they are going to be paid for the electricity when they export it because these calculations are done based on the payback period. They buy the panels and put them up and the payback period says, that within four to six years, they will have made their money back. From then on, they will be in a great position because they will have lower energy bills. In the summer, they will go into a credit. In the winter, they will eat into that credit. For families that have done this that I have spoken to across east Galway, they have told me the benefits they have got from solar panels.
I welcome the Minister's announcements today to fund batteries to the tune of €600. That is a fantastic idea because that will give people even more energy independence. I also welcome that the grants are now being extended to homes that were built between 2022 and 2025, which means that those people can access the benefit of panels as well.
I hope I have made my point clear and I look forward to the Minister of State's response.