Government incentives for solar
Taking the leap to solar can be a big decision, especially due to the initial costs being high. However, with the introduction of some government incentives in solar, this price can be lowered. Figuring out which you could be eligible for and how to apply for the grants can be tricky but luckily, we’ve made it easy! We are here to help talk you through your options and see the amount you could be entitled to, all helping you get that one step closer to solar energy.
It’s important to note that there is no longer a solar grant that covers all homeowners unfortunately but there are still plenty of options that can help lower the costs.
ECO4 Scheme
Firstly, a scheme available to a number of households is the ECO4 Scheme. This is a really useful grant that provides heavily discounted, even sometimes free, solar panels. Although, this is based on various factors, depending on your situation. Some of these include your household income, your homes energy ratings, and what government benefits are already being received.
If you are unsure whether you’d quality for this scheme, it’s definitely worth speaking to your local authority who may have more understanding of the specific requirements within your area. It’s clear the ECO4 Scheme is one of the most impactful, offering the highest discounts for solar.
Warm Homes: Local Grant
Next, a similar option is the warm homes grant. Operated through local authorities, this grant is to help fund renewable systems, like solar panels. This, however, is again based on various attributes of the household. Those with lower incomes, bad energy ratings and private homeowners are more likely to receive the grant.
Again, this can vary from each case and so is worth checking with your areas authority to see what the rules and regulations are for the warm homes grant.
Free VAT
If you’re unsure if you fit into the previous incentives or not, don’t fret. The government is offering 0% VAT on all solar panel and battery storage purchases. This also includes the installation of the systems, meaning you save even more! Often, this can save a lot on the overall cost, with VAT often at 20%.
Sell energy you don’t use
Finally, once you have your solar system installed, the savings don’t stop there. Smart Export Guarantee means you can sell your energy you don’t use back to the grid. This excess income is a great added extra and means you’re able to pay off your panels quicker and start making money sooner!
Government incentives for solar, how to get started
After hearing about these solar incentives, you’re probably now looking at installing your own panels and benefitting from these savings. Luckily, here at Power 4 U we are one of the top solar installers and offer a free full site survey and evaluation. Get yours booked in today!
