The UK authorities is at the moment planning to take away value-added tax (VAT) on residential battery storage when put in both newly or retroactively together with a rooftop photo voltaic system.
“The problem of VAT on batteries put in after photo voltaic panels is a matter that has been raised many instances inside our Committee’s work,” mentioned Hon Philip Dunne, the chairman of the UK Environmental Audit Committee. “So I’m very happy that that is being thought of within the Authorities’s session on VAT on energy-saving supplies, and the Committee will make representations to the Chancellor of the Exchequer to spotlight the proof we now have obtained on this situation.”
The committee didn’t say when the brand new measure could be applied. “Qmeasure of VAT signifies that the battery storage offered as a part of the set up of a certified materials will will profit from a VAT of zero price for the following 5 years,” it was laid out in a doc describing all of the measures the federal government desires to take to assist residential PV.
This consists of the advice which is newly constructed housing INCLUDE photo voltaic PV As a minimal obligatory, setting extra bold set up targets on the way in which to 2035, and different proposals to unravel experience and provide chain points.
The British authorities has decreased the VAT on rooftop PV and warmth pumps to zero in March.
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