Its great news that the UK Government has announced 0% VAT on Battery storage systems for residential properties in the UK. Here at PBA Electrical & Renewables we see this as a step towards a greener future for us all. I will explain the finer details below for you as we have had some questions regarding the 0% VAT.
PBA Electrical and Renewables - Solar Battery Installation
It is worth noting that the 0% VAT is only applied if you use the same provider for purchase and install. For example, if you buy solar panels from one installer but have them installed by another you will pay 5% VAT on the install cost.
What type of systems are VAT free and what is the best solution for you?
Solar panels with battery storage:
A full Solar PV system is exempt from VAT and is the best type of installation for optimising energy consumption. Solar panels are a great way to save electricity and money, the prices of panels have dropped significantly meaning many more people can afford to install solar to their Maidstone area homes. Adding battery storage to your system will allow you to store energy to use when you want and also sell back to the grid. Your energy independence and bill saving will be at its highest with a battery and solar system.
Stand alone solar battery installation:
Good news – you will still pay 0% VAT on a stand alone battery storage installation. Battery storage is a great way to take advantage of cheap tariffs and have a back up when there is a grid failure. The idea of batteries is to top up when tariffs are cheap then discharge during the day when your usage will be at its peak.
Retrofit solar battery systems:
Many new build properties in Maidstone have a small solar panel system in place but with no battery. If you are looking at adding a battery (retrofit) you too will benefit from the 0% VAT. As mentioned above, adding batteries to a solar panel system will ensure you reap the rewards of far lower energy bills (up to 80% lower) and become less reliant on the grid. You have maximum control of when and where you use your energy.
Why should you invest in battery storage?
There has never been a better time to invest in battery storage! With the Governments 0% VAT announcement, energy prices increasing and demand on the grid higher than ever, adding battery storage to your Maidstone home is a step in the right direction for a greener future. Without a doubt, the money you can save on your energy bills is the thing that really stands out here. Renewable energy technology in the UK has come on leaps and bounds, with intelligent apps running alongside battery systems you are able to direct the energy you store from the sun and be in total control of the energy you have generated.
0% VAT Solar Battery Installer in Maidstone
To discuss adding battery storage to your home in Maidstone, give our Battery storage team at PBA Electrical and Renewables a call today. Our experienced solar electricians will be happy to discuss your options and explain more about the 0% VAT on battery storage systems scheme.
