0% VAT on Battery Storage Starting February 1st, 2024

Effective February 1, 2024, the government has declared a 0% VAT rate on standalone or retrofit residential home batteries. This recent announcement opens up additional possibilities and increased cost savings for homeowners looking to integrate energy storage into their residences. Whether enhancing an existing Solar PV system or installing an independent battery for off-peak grid charging, this development enhances the affordability and accessibility of home energy solutions.

The full report on the government website can be found here.

Advantages of Incorporating a Battery with Your Solar Panels:

1. Store Your Excess Energy Generated From Your Solar System For Later Use.
2. Attain a 23% Return on Investment – Compared to 3.1% From Standard Savings.
3. Enjoy Annual Savings Averaging Over £900*.
4. Benefit from a Comprehensive Monitoring System.
5. Contribute to Lowering Your Carbon Footprint.
6. Enhance Your Energy Performance Certificate (EPC).

 

TO REGISTER YOUR INTEREST:

ALTERNATIVELY YOU CAN REACH US ON 01704 333459 / INFO@EEC-HI.CO.UK