From the 1st of February 2024 there is the introduction of 0% VAT on battery storage installations. This significant change is a win for homeowners and businesses looking to invest in renewable energy storage.
The UK government’s decision to reduce the VAT on Battery Storage Systems from the standard rate to 0% marks a pivotal moment in the journey towards a greener future. This initiative is part of a broader strategy to encourage the adoption of renewable energy across the country, making it more accessible and affordable for a wider audience.
This means that the cost of purchasing and installing a Battery Storage System through GreenGenUK just got more affordable. By harnessing the power of battery storage, you can maximize the use of your solar energy, reduce your reliance on the grid, and significantly cut your energy bills. With the 0% VAT rate, there’s never been a better time to invest in making your home or business more energy-efficient and eco-friendly.
In the last few years we have seen Battery Storage Systems become the heart of the renewable energy revolution. They allow you to store energy generated from solar or reduced time of use rates, to then use it when you need it most, ensuring a continuous supply of green energy, even when the sun isn’t shining. This not only increases your energy independence but also contributes to the reduction of carbon emissions, playing a crucial role in the fight against climate change.
At GreenGenUK we have a range of Battery Storage solutions:
Already have Solar PV? – You will receive the new rate of 0% VAT when installing a retrofit battery system. You can divert any excess generated solar in to the new battery system and use it when you need it most. We have seen some existing customers go from 50% self-consumption of solar energy, up to 90% from adding a retrofit battery.
Considering Solar & Battery? – With Solar Modules costing less and outputting more than ever before, there has never been a better time to consider an installation of solar for your home or business. Coupling this with a battery from the very start means you can benefit right away from storing your new clean energy and decide when to use it, rather than being forced to sell it back to the grid for a fraction of what it would cost you to buy. Buying the whole system together will see the entire cost charged at 0% VAT rate.
Just looking for a battery? – Maybe you cant or do not wish to have a solar array, but you do wish to reduce both your bills and your carbon footprint. You could consider a stand-alone battery system, set up to charge from cheaper Time of Use Tariffs, like those availble from Octopus Energy, which will charge your battery during a period of 4-5 hours using cheap rate electricity. You could then use this power steadiliy through the day when energy costs more, ultimately reducing your bills over time and allowing you to take back some control!
Every Battery System offered by GreeGenUK has the ability for online monitoring and time-of-use charging. They also work with Solar or Wind at any stage, should you decide in the future to add a system to your set-up, you may just require a few extra components such as CT clamps or energy meters.
Call us on 01326 564513 or Email [email protected]