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Let's get straight to the point - there is good news. You will still be eligible for several grants on solar panels in the UK in the near future. You can take advantage of various forms of solar subsidies, depending on your unique needs. Keep reading to find out how much you can claim when you install a solar system. We will also discuss other benefits that make going solar a financially savvy decision.
In the years to come, you can still take advantage of a grant on solar panels. The amount you can claim depends on the capacity of your solar panel system. Read more about it after these blocks.
When you install solar panels in the UK, you will pay 0% VAT on your purchase until the end of 2027. Also available on battery only installations.
In addition to the nationwide schemes around solar panels, you can also qualify for local initiatives. Contact your local government for more information.
The installation of solar panels is subject to a reduced VAT rate of 0% until 31 December 2027. The 0% VAT rate applies to anyone with a private or residential connection. The reduced VAT rate also applies to all the necessary work carried out to install solar panels and battery installations. For example, this includes the electrical work, as well as the finishing work. The reduced VAT rate applies to all parts and accessories of the technical installation specific to the system in question, such as:
Also keep in mind that, when opting for solar panels, adding a home battery also provides 0% VAT. When doing so, you get a fully sustainable and largely independent energy network in one fell swoop, all while enjoying financial benefits.
Funding options for solar panel installations are available through Home Energy Scotland, backed by the Scottish Government. These are provided for those whom may be suffering difficulties heating their home. You may qualify for grants or interest-free loans to facilitate these improvements, including solar panels, which not only enhance warmth but also significantly reduce energy bills. Contact Home Energy Scotland to assess your eligibility. Grants of up to £7,500 per installation and an interest-free loan options are available for those who qualify.
One of the most well-known subsidies on solar panels is the ECO4 Scheme. The ECO4 Scheme replaced the earlier known EO3 Scheme, and will be active until march 2026. Thanks to ECO4’s new conditions, more people are now eligible for this energy-saving subsidy. The ECO4 Scheme helps households make the switch to energy-efficient solutions such as Solar Panels. It allows them to trade in old systems for sustainable alternatives.
The Energy Company Obligation (ECO4) is a government energy-efficiency scheme in Great Britain, designed to tackle fuel poverty and help reduce carbon emissions. ECO is an obligation placed on energy companies to deliver energy efficiency measures to domestic premises. ECO is not a grant scheme; it is up to the energy companies to determine which retrofit projects they choose to fund, the level of funding they provide, and the Retrofit Coordinator and installers that they choose to work with.
ECO4 measures were able to be delivered from the 1 April 2022. The ECO4 scheme will run until 31 March 2026 and it focusses on improving the least energy efficient homes and households in fuel poverty, as only properties in bands D-G can be treated.
Conditions of the ECO4 Scheme
Not sure if you’re eligible for the ECO4 Scheme? Make sure to check out the ECO4 Scheme conditions:
Based on the conditions above, you may be eligible to apply for the ECO4 scheme.
UK Solar Panel Funding is legitimate. You can recoup most of the installation costs through ECO4 and also recover expenses for energy-saving measures like insulation, if you meet the homeowner criteria. Moreover, exporting energy to the grid, you can earn money by generating surplus electricity from your solar panels.
To maximize savings, staying informed about grants is crucial. Soly regularly reviews solar panel funding, and our articles are updated with recent government announcements. If you want to know how much you can save today, contact Soly on 020 8135 4710
