- The EU has a target of 42.5% renewable energy by 2030.
- Some countries have reduced VAT rates on renewable energy products to make them more affordable.
- 16 EU Member States, Switzerland, and the UK have lower VAT rates on heat pumps.
- Some countries also have lower VAT rates on electricity, which is used by most heat pumps.
- The report compares the VAT rates on heat pumps and electricity in European countries.
- The European Heat Pump Association supports reducing VAT on heat pumps and electricity to make them economically attractive to end-users.
Source: ehpa.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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