VAT Exemption Extended to Battery Storage Systems, Benefiting Over a Million UK Homes

• All battery storage systems are now exempt from VAT
• This offers a 20% cost reduction and extends the relief to grid-connected batteries
• The aim is to facilitate greater adoption of energy-saving materials
• The government wants to reach net zero emissions by 2050
• The expansion of VAT relief on energy-saving materials has received a positive response from the energy sector
• Last year’s reforms simplified consumer access to the relief and broadened the scope of eligible materials
• The permanent reforms will take effect on 1st February 2024
• The reforms apply across the entire UK following the Windsor Framework.

Source: energylivenews.com

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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