Applications for the grant will open in mid-July.
Businesses can now available of grants up to €162,000 to install solar panels.
Retailers, manufacturing companies, public buildings, sports clubs and community organisations can apply for the funding.
Applications will open in mid July, to help businesses lower their energy costs and reduce their fossil fuel consumption.
Junior Agriculture Minister and Offaly Senator Pippa Hackett says it is a more flexible system:
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