The Government has unveiled a new scheme that will provide grants of up to €2,400 to businesses, public organisations and community groups that want to put solar panels on their premises.

It marks the latest phase of the Government's Micro-generation Support Scheme which was launched in December.

Up to 6kWp of solar panels, equivalent to about 16 panels, can be grant funded under the scheme.

It is estimated by those organising the scheme that businesses could save up to €3,000 a year by using a solar PV system.

Since then the Government has also announced a tariff that will be paid to those exporting power to the grid from their panels.

"Energy prices are at an all-time high right now, due to war and conflict outside our control," said Declan Meally, Director of Business: Public Sector and Transport with the Sustainable Energy Authority of Ireland.

"Organisations are looking at ways to reduce their reliance on expensive energy sources, and to switch to secure, clean and more affordable alternatives."

"These new grants for solar PV will help businesses and organisations to take control of energy costs now, and ensure that they are future-proofed with renewable electricity supply from their own roofs."

The Minister for the Environment, Eamon Ryan, said the scheme is part of a wider roll-out of initiatives to make the installation of solar PV easier and more cost effective for homeowners, businesses and public bodies.