diff --git a/components/modules/eth.c b/components/modules/eth.c
index f25dcaf7..21d96c12 100644
--- a/components/modules/eth.c
+++ b/components/modules/eth.c
@@ -183,6 +183,53 @@ static int leth_get_speed( lua_State *L )
   return 1;
 }
 
+static int leth_set_ip( lua_State *L )
+{
+  luaL_checktable(L, 1);
+
+  esp_netif_ip_info_t ip_info = { 0, };
+
+  lua_getfield(L, 1, "ip");
+  const char *ipstr = luaL_checkstring(L, -1);
+  esp_err_t err = esp_netif_str_to_ip4(ipstr, &ip_info.ip);
+  if (err != ESP_OK)
+    return luaL_error(L, "failed to parse IP address '%s'", ipstr);
+
+  lua_getfield(L, 1, "netmask");
+  const char *nmstr = luaL_checkstring(L, -1);
+  err = esp_netif_str_to_ip4(nmstr, &ip_info.netmask);
+  if (err != ESP_OK)
+    return luaL_error(L, "failed to parse netmask '%s'", nmstr);
+
+  lua_getfield(L, 1, "gateway");
+  const char *gwstr = luaL_checkstring(L, -1);
+  err = esp_netif_str_to_ip4(gwstr, &ip_info.gw);
+  if (err != ESP_OK)
+    return luaL_error(L, "failed to parse gateway address '%s'", gwstr);
+
+  esp_netif_dns_info_t dns_info = { .ip = { .type = ESP_IPADDR_TYPE_V4 } };
+
+  lua_getfield(L, 1, "dns");
+  const char *dnsstr = luaL_checkstring(L, -1);
+  err = esp_netif_str_to_ip4(dnsstr, &dns_info.ip.u_addr.ip4);
+  if (err != ESP_OK)
+    return luaL_error(L, "failed to parse DNS address '%s'", dnsstr);
+
+  err = esp_netif_dhcpc_stop(eth);
+  if (err != ESP_OK && err != ESP_ERR_ESP_NETIF_DHCP_ALREADY_STOPPED)
+    return luaL_error(L, "failed to stop DHCP client (code %d)", err);
+
+  err = esp_netif_set_ip_info(eth, &ip_info);
+  if (err != ESP_OK)
+    return luaL_error(L, "failed to set IP details (code %d)", err);
+
+  err = esp_netif_set_dns_info(eth, ESP_NETIF_DNS_MAIN, &dns_info);
+  if (err != ESP_OK)
+    return luaL_error(L, "failed to set DNS server (code %d)", err);
+
+  return 0;
+}
+
 static int leth_on( lua_State *L )
 {
   const char *event_name = luaL_checkstring( L, 1 );
@@ -290,6 +337,7 @@ LROT_BEGIN(eth, NULL, 0)
   LROT_FUNCENTRY( get_speed,  leth_get_speed )
   LROT_FUNCENTRY( get_mac,    leth_get_mac )
   LROT_FUNCENTRY( set_mac,    leth_set_mac )
+  LROT_FUNCENTRY( set_ip,     leth_set_ip )
 
   LROT_NUMENTRY( PHY_DP83848, ETH_PHY_DP83848 )
   LROT_NUMENTRY( PHY_IP101,   ETH_PHY_IP101 )
diff --git a/docs/modules/eth.md b/docs/modules/eth.md
index e55d1921..47cb22cf 100644
--- a/docs/modules/eth.md
+++ b/docs/modules/eth.md
@@ -163,3 +163,40 @@ eth.set_mac(mac)
 `nil`
 
 An error is thrown in case of invalid parameters or if the ethernet driver failed.
+
+## eth.set_ip()
+Configures a static IPv4 address on the ethernet interface.
+
+Calling this function does three things:
+  - disables the DHCP client for the ethernet interface
+  - sets the IP address, netmask and gateway
+  - set the DNS server to use
+
+Note that these settings are not persisted to flash.
+
+#### Syntax
+`eth.set_ip(cfg_opts)`
+
+#### Parameters
+- `cfg_opts` - table with the following fields:
+    - `ip` static IPv4 address to set
+    - `netmask` the network netmask
+    - `gateway` default gateway to use
+    - `dns` DNS server
+
+#### Returns
+`nil`
+
+An error is thrown in case of invalid parameters or if any of the options can
+not be set.
+
+#### Example
+
+```lua
+eth.set_ip({
+  ip = "192.168.0.12",
+  netmask = "255.255.255.0",
+  gateway = "192.168.0.1",
+  dns = "8.8.8.8"
+})
+```