Monthly Archives: July 2019

HMRC pushes steep VAT increase for new solar-battery systems

Treasury proposes rise from 5% to 20%, while the tax on coal will stay at lower rate Homes hoping to shrink their carbon footprints by installing a solar-battery system face a steep VAT increase from October under new laws proposed by HMRC. The Treasury put forward legislation on Monday to raise VAT for home solar-battery

Economy 7 Guide: What you need to know to pay less

Introduction Economy 7 was launched in the late 1970’s, with an aim to provide customers with cheaper energy costs in the night and average or slightly higher rates in the day. As a result, this makes it a favourite for people who work nights, have a storage heater or want to utilise things such as

New research finds battery storage can save families money

New research from an Adelaide university has found that battery power storage has reached a tipping point where it’s worth the investment and can save families money. Samantha Corns' family-of-five uses batteries to power their home and said they are "basically living off the grid." The battery, which stores energy generated by her rooftop solar

Solar and storage VAT legislation moves forward despite strong opposition

Legislation to increase the rate of VAT attached to solar panels and home batteries to 20% move forward yesterday following a legislation committee hearing that included accusations of government errors and “bombast and windbaggery”. Yesterday (Monday 24 June) legislation was put forward containing the VAT increase, which will see tax on home solar and battery

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