As of February 1, 2024, homeowners in the UK are witnessing a pivotal change in the landscape of renewable energy. The Government has recently announced an expansion of VAT relief on Energy Saving Materials (ESMs), a move that marks a significant step towards a more sustainable future. This change is not just a fiscal adjustment; it’s a signal of the growing recognition of the vital role renewable energy plays in our lives.

Electrical Battery Storage VAT Exemption in 2024

This policy change acknowledges the crucial role of energy storage in enhancing the efficiency and viability of renewable energy systems. For homeowners, this lowers the cost of installation during the VAT exempt period for standalone electrical battery storage installation as well as retrofit fitting to existing solar panel/solar pv systems. Prior to this homeowners could benefit from VAT exemption only when purchased and installed at the same time as Solar Panels, thus preventing homeowners who were early adopters of solar panels from benefiting from this VAT relief scheme.

5 Reasons to consider Electrical Battery Storage

  1. Enhanced Energy Independence: Electrical battery storage allows homeowners to store surplus energy generated by solar panels. This means more autonomy over energy use and a reduced reliance on the grid, especially during peak times.
  2. Improved Energy Efficiency: By storing energy for later use, these systems ensure that the energy produced is not wasted. This boosts the overall efficiency of renewable energy systems.
  3. Cost Savings: The ability to store energy and use it during peak hours, when energy from the grid is more expensive, leads to significant cost savings on energy bills.
  4. Emergency Backup: In the event of a power outage, having a battery storage system means you have a reliable backup source of power, ensuring continuity in your home’s energy supply.
  5. Environmental Impact: By maximizing the use of renewable energy, battery storage systems help reduce the dependence on fossil fuels, leading to lower carbon emissions.

Solar Panels with Electrical Battery Storage

The benefits of electrical battery storage aren’t limited to standalone units. When retrofitted to existing solar panel installations, they create a synergistic relationship. The solar panels generate electricity during the day, which is then stored in the batteries for use at night or during low-sunlight periods. This pairing maximizes the utility of solar panels, making renewable energy a more practical and efficient option for everyday use.

The Government’s decision to include electrical battery storage in the VAT relief scheme for ESMs is a commendable step towards a greener and more sustainable future. It not only makes economic sense for homeowners but also aligns with the broader goal of reducing carbon emissions and combating climate change. As we embrace this new era of renewable energy, electrical battery storage stands out as a vital component in our journey towards a more sustainable world.

You can read more about the government’s decision to expand the list if energy saving materials on the gov.uk site here.

SunGift Recommends – Tesla Powerwall 2

Tesla’s Powerwall 2 offers unparalleled battery storage solution for homeowners looking to increase their energy independence and maximise their energy savings.

Why we recommend the Powerwall 2 as the best battery storage solution?
    • Industry leading 13.5 kWh capacity
    • Unparalleled monitoring technology
    • Sleek & Safe, family-friendly design
    • Easily retrofitted to any system
    • Energy in a power cut
    • Off Peak Time of use charging
    • 10 Years Warranty

savingsreduce your bills  public save the planet   change_circle switch to cleaner energy