TAMS 3 funding for solar panels will 'help meet appetite' for renewable projects in farming

TAMS will be in place for five years with a budget of €370m. 

In order to encourage the purchase of solar investments reducing dependence on fossil energy by farmers, the solar scheme will be ringfenced with its own investment ceiling of €90,000 and will be grant-aided at the enhanced rate of 60%.

Funding for solar panels on farms in the new Targeted Agricultural Modernisation Scheme (TAMS 3) will help to "meet the appetite" in the farming community for renewable projects, Ifac has said.

The farming, food, and agribusiness specialist professional services firm has welcomed Monday's announcement of funding for capital investments on farms.