Thinking about making the switch to solar? You’re not alone! The UK government offers a variety of schemes and incentives to help homeowners reduce the upfront cost of solar panel and battery installations. While these grants can seem complex, we’re here to help you navigate them.
Here’s a look at some of the key financial benefits that could be available to you:
VAT Exemption
One of the most significant savings is the 0% VAT on solar panels and batteries. This government measure means you won’t have to pay the standard 20% VAT on the cost of your solar system and its installation, which can lead to thousands of pounds in savings. This incentive is available to everyone in England, Scotland, and Wales.
The Smart Export Guarantee (SEG)
The SEG is a brilliant scheme that allows you to get paid for the surplus electricity you export back to the National Grid. Once your solar panels are installed, any energy you don’t use or store is automatically exported, and your electricity supplier will pay you for every kilowatt-hour. It’s like your solar panels have their own side hustle!
ECO4 and Other Local Schemes
For households on lower incomes or those living in less energy-efficient homes, there are additional grants available. The Energy Company Obligation (ECO4) scheme requires large energy suppliers to help fund energy-saving improvements, including solar panels. You may also find local grants and schemes (like the Home Energy Scotland Grant) that offer financial assistance for specific regions. Eligibility can vary, so it’s always worth checking what’s available in your area.
At Crown Grid UK, we stay up-to-date on all the latest grants and schemes to ensure you get the maximum financial benefit from your investment. We can help you understand your eligibility and navigate the application process.
Ready to start your solar journey and unlock these savings? Contact us today for a free, no-obligation consultation.
