20 Feb, 2023

ifac welcomes the announcement of TAMS 3 funding for solar panels on farms

We welcome Minister McConalogue’s announcement today about funding for capital investments on farms, in particular funding for solar panels on farms, as part of the new Targeted Agricultural Modernisation Scheme (TAMS 3).

Speaking about the new TAMS 3, our Head of Farm Support, Philip O’Connor said: 

 “This is a very welcome move for Irish farmers. Tranche 1 of the scheme, set to open next week, will be music to the ears of many of our clients and farmers all across the country who are committed to farming sustainably and eager to take climate action. 

 “We know this because last week our fifth annual Farm Report, containing the views of 1,160 Irish farmers, revealed that both spiralling input costs and climate action to meet Ireland’s climate targets are very much front of mind for Irish farmers. Our report confirmed that more than half (52%) of Irish farmers say the biggest barrier to adopting renewable projects is the level of financial investment required coupled with the low returns, and over half (54%) are concerned about their electricity and gas costs at home. 

 “This announcement about this targeted scheme for solar will help to meet the appetite in the farming community for farmer-developed renewable projects and help farmers to proactively tackle rising energy costs and generate their own power. It will have a positive long-term impact on the sector overall, rural Ireland and our environment.”