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Latest Redmile and Industry Updates
Cut to VAT on residential solar in Spring Statement
March 2023
VAT on residential solar panels has been cut to zero in the Spring Statement unveiled by Chancellor Rishi Sunak.
The cut to VAT for the next five years covers energy saving materials and installation of technologies including solar panels, heat pumps and roof insulation, which currently have a rate of 5%. A household installing solar panels on their homes will see £1,000 in savings, and then £300 on energy bills annually, suggested Sunak in his address to the House of Commons. Solar Power Portal Full Story
Plans for energy tariffs with no standing charges
Energy firms will be forced to offer customers tariffs with no standing charges, under a proposed shake-up of bills by regulator Ofgem.
Typical household energy bill up £149 a year in October
Typical household energy bill up £149 a year in October
Energy prices fall but relief may be temporary
A drop in domestic gas and electricity prices has now taken effect, but costs are expected to rise again in October.
No VAT for Battery Storage
Zero VAT for Battery Storage
