Zero Rate of Vat
on Solar Panels
This means that it will be much cheaper for families to make the switch to using solar energy to power their homes.
The government hopes that this change will encourage more people to start using solar energy, which will not only save them money on their electricity bills, but also help protect the environment by reducing our reliance on non-renewable energy sources.
It’s important to note that this change is permanent and will come into effect from 1st May 2023. By reducing the cost of installation, more people will be able to afford to install solar panels, which will reduce the time it takes to make back the cost of installation from 7 years to 6.2 years.
So, if you’re a homeowner or planning on building a new home and you’re interested in using sustainable energy to power your home, this is a great opportunity for you to make the switch. By making this change, you’ll not only save money, but you’ll also be contributing to the fight against climate change.
Let’s do our part to make the world a better place!