Great news! Starting from February 1, 2024, a 0% VAT rate is now applied to solar battery storage systems, also known as battery energy storage systems (BESS).
Let’s dive into the details of this electrifying development that’s set to power up homes and give big savings on energy bills.
Understanding the 0% VAT Order 2024
The temporary zero rating, established by the 0% VAT Order 2024, targets the installation of battery storage systems in homes across the UK.
- Over 1.2 million solar-powered homes can now benefit from the tax cut.
- Customers seeking standalone battery installations or retrofitted batteries will enjoy a 0% VAT rate.
How Long is the 0% VAT Period?
This tax relief initiative is not just a fleeting moment. The 0% VAT period is set to extend until March 31, 2027, providing a substantial window for individuals and organisations to embrace solar battery storage with financial ease.
While the government previously cut VAT to 0% on solar panels in April 2022, it didn’t apply to battery storage systems installed on existing solar panel systems, retrofitted batteries, or standalone products. The recent move bridges this gap, ensuring a comprehensive VAT cut across the solar energy spectrum.
Why Choose Solar Battery Storage?
Adding solar battery storage to your solar PV system is a game-changer. It allows you to harness excess electricity produced during the day, ensuring a steady power supply during nighttime hours.
The stored energy becomes your ticket to uninterrupted power, even when the sun takes a break.
Seize the Savings
VAT deductions are automatic, eliminating the need for additional paperwork. Get in touch with us today to explore how incorporating solar battery storage into your solar panel installation can not only boost your energy efficiency but also save you significant pounds.
Don’t miss out on this opportunity to enhance your energy independence and make substantial savings. Contact us now and let the savings begin! Fill out the form below for a free, no obligation quote.
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