top of page
Search
  • Writer's pictureLloyd Mawhinney

Climate crisis: Huge VAT rise on solar panels makes installation entirely uneconomic.

Although parliament declared a climate emergency earlier this month, rates for fossil fuels including gas and coal will remain at 5 per cent, while materials for some renewables will see tax rises of 15 per cent.

These rates will apply from 1 October and follow a consultation by HMRC which closed last week.

The VAT hike on materials for solar panels and also battery storage, came as the government’s official advisory body on climate change recommended the UK reaches net zero fossil fuel emissions by 2050,

Eight countries in the European Union have called on the bloc to implement similar goals.

4 views0 comments

Recent Posts

See All

Commercial solar

Renewable energy has seen an incredible rise in popularity over the past decade. 90% of the world’s countries are now signed up to the Paris Agreement – a global agreement to combat climate change, by

Comentarios


Post: Blog2_Post
bottom of page