Good news for homeowners! The UK government has just made it easier to invest in battery storage for your home, thanks to a new VAT exemption. As of February, any installation of a battery storage system, whether you’re adding it to existing solar panels or starting fresh, will be completely VAT-free.
Before, you only got a VAT break on batteries if they were part of a larger energy-saving project like solar panels. But the government listened to feedback and now recognizes that batteries are key for using your own energy and relying less on the grid.
What Does This Mean for you?
You can now enjoy significant savings when installing a battery storage system at home. This makes it more affordable to store your own clean energy, lower your electricity bills, and become more energy independent.
When Does the VAT Exemption for Battery Storage Systems Start?
Starting February 1st, 2024, you can install battery storage in your home completely VAT-free. This applies to all homes across the UK, not just those with solar panels. Plus, the 0% VAT benefit extends to charities alongside residences.
This limited-time offer lasts until March 31st, 2027, after which VAT will increase to 5%. Don’t miss out on this chance to significantly reduce the cost of battery storage and gain greater energy independence.
What Are the Benefits of Battery Storage Systems?
A residential battery energy storage system enables the storage of electricity for later use, providing numerous financial advantages for homeowners, including:
Slash your electricity bills:
- Time-of-use savings: Charge your batteries during off-peak hours when electricity is cheaper, then use that stored energy during peak hours to avoid high rates.
- Boost self-consumption: Combine batteries with solar panels to capture and use more of your own clean energy, reducing reliance on the grid.
- EV integration: Charge your electric car with stored solar or grid energy, turning your home into a mini power station.
Go green and feel good:
- Reduce your carbon footprint: By using more renewable energy and less fossil fuel, you’ll be doing your part for the planet.
- Support climate action: Contribute to the UK’s efforts to combat climate change and build a sustainable future.
Enjoy flexibility and peace of mind:
- Stand-alone option: Have a battery system even without solar panels.
- Seamless integration: Add batteries to existing solar panels for even greater savings.
- Backup power: Be prepared for outages with backup power for essential appliances.
In addition to cost savings, integrating batteries with renewable energy sources, such as solar panels, can significantly diminish reliance on fossil fuels. This serves as an effective means to decrease your carbon footprint and contribute to the UK’s initiatives in addressing climate change.
Batteries can function independently, be incorporated into a solar PV system, or be added to existing solar panels. With these announced tax reforms, all three categories of battery installations will be exempt from VAT starting in February 2024.
Get A Free Solar Battery Installation Quote Today
Tired of high energy bills and a heavy carbon footprint? Solar Sun and Air is your one-stop solution for clean, affordable energy – we’re the South Wests trusted specialists in solar panels and battery storage.
Ready to retrofit batteries to your existing solar panels? We seamlessly integrate them for maximised savings. Thinking of starting fresh with a brand-new solar PV system? We design the perfect setup for your budget and energy needs.
