Battery Storage

VAT exemption a ‘critical step’ in domestic battery market growth

The recent VAT exemption for domestic battery storage installations is a ‘critical step’ for the industry and is already having a positive impact, solutions provider GivEnergy said. As of 1 February this year, the UK government removed VAT charges for domestic battery energy storage systems (BESS). Enabling installers to offer competitive prices, the Value Added Tax (Installation

Another hot summer increases the urgency for energy storage

Last year was the hottest on record, according to the EU’s Copernicus Climate Change Service (C3S). Not surprisingly, the summer of 2023 was also the hottest, according to global records dating back to 1880. Forecasts suggest this summer is likely to be just as hot or hotter, which means the urgency for energy storage and demand

MCS: Battery storage installations rise by 707% in March

According to the latest statistics from the Microgeneration Certification Scheme (MCS), battery storage installations rose by 707% year-on-year in March 2024, exceeding 1,000 installations for just the second month in the scheme’s history. MCS’ research also outlined that 68% of the total battery storage installations in 2023 were completed in just Q1 2024 alone. Ian

Powering Net Zero with Battery Energy Storage Systems

Battery Energy Storage Systems (BESS) are one of the pivotal components in powering Net Zero, one application of BESS is allowing the power generated from renewables such as wind and solar photovoltaic (PV) to be stored until it’s needed. This helps to minimise the amount of renewable energy generated in favourable conditions going to

UK VAT relief on residential batteries comes into effect

Effective Feb. 1, the UK government has exempted retrofitted battery energy storage systems (BESS) from the 20% value added tax (VAT). Residential BESS are now exempt from VAT in the United Kingdom when installed either new or retroactively in conjunction with rooftop solar systems. Previously, VAT relief was only available for domestic BESS if installed together

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