Photovoltaic energy storage registration announcement


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6 FAQs about [Photovoltaic energy storage registration announcement]

Are solar and energy storage installations subject to VAT?

All solar and energy storage installations, including maintenance to existing sites, should be subject to 0% VAT. This should include residential energy storage when installed as a standalone measure.

How much money is needed for solar photovoltaics (PV) under repowereu?

The estimated investment needed for solar photovoltaics (PV) under RepowerEU amounts to €26 billion between now and 2027, on top of the investments under Fit for 55. Most financing is expected to be private, but also partially triggered by public funding.

What does the Rea announcement mean for long-term energy storage (LDEs)?

The announcement follows a consultation on proposals to enable investment in LDES which closed in March 2024 and call for Evidence in 2023. It also finally delivers on the scheme which the REA originally advocated for in our 2021 Long Duration Energy Storage Report.

Will a UK government back solar?

Signs of a UK government that’s prepared to back solar have emerged within a fortnight of the Labour Party securing victory in the General Election. The government has already signed off on more than 1 GW of new solar capacity. It’s been a whirlwind two weeks for the UK solar industry.

What is the VAT rate on solar?

VAT on a range of domestic energy efficiency and renewable energy installations, including solar, is now 0% in Great Britain. This is a reduction from the previous rate of between 5% and 20% Eligible installations are those included on the Government’s list of Energy Saving Measures (ESMs).

Does the UK government want the solar industry to grow?

The government has already signed off on more than 1 GW of new solar capacity. It’s been a whirlwind two weeks for the UK solar industry. Chris Hewett, chief executive of Solar Energy UK, told pv magazine he believes the new UK government “unambiguously” wants the industry to grow, a first for the trade association.

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