UK Government Slashes VAT on Battery Storage Systems to 0%

At long last, the UK Government has taken a monumental step towards sustainable energy by slashing the VAT on Battery Storage Systems to 0%. This eagerly anticipated policy, scheduled for implementation on 1st February 2024, is poised to revolutionise the energy sector by providing a significant financial advantage to both stand-alone energy storage systems and those added to existing solar PV systems.

Enhancing Financial Viability and Consumer Engagement

The introduction of this policy in 2024 means that energy storage systems, a critical component in the utilisation of green energy, will become significantly more financially viable. This reduction in VAT will not only lower the cost of acquiring these systems but also make them a more attractive investment for consumers. As a result, there will be a surge in consumer engagement and accessibility to green energy generation, storage, and management.

Boosting Green Energy Generation and Storage

The decision to eliminate VAT on battery storage systems is particularly beneficial for users of solar PV systems. By making energy storage systems more affordable, homeowners and businesses can more effectively store and manage the energy generated from their solar panels. This enhances the efficiency of solar energy usage and plays a crucial role in the broader adoption of renewable energy sources.