Breaking news! Battery storage tax relief!
Tax relief announced on battery storage systems
Breaking news! Battery storage tax relief!
Tax relief announced on battery storage systems
Breaking news ❗ UK Government announces tax relief on battery storage systems 🔋
This extends beyond the previous VAT relief policy which was limited to batteries installed concurrently with solar panels. The new policy (set for implementation on February 1, 2024 now includes:
Battery storage added alongside solar PV 🔋 🌞
Standalone battery storage 🔋
Retrofit batteries 🌞 ⬅ 🔋
This is a pivotal moment for the energy storage sector and the UK’s clean transition. By offering financial incentives for homeowners the government is:
🌱 Encouraging adoption of clean technology
🏡 Fostering greater self-sufficiency for households
💷 Reducing financial barriers to energy independence
Amazing news!