Photovoltaic panel installation investment promotion

Are solar panels a good investment?

There are lots of benefits to having solar panels installed on your property. Not only will the clean energy source reduce your carbon footprint, it could also reduce your energy bills by up to 90%. With ever-growing energy bills becoming the norm, solar panels can be a truly worthwhile investment.

Are there any solar incentives in the UK?

However, some solar incentives still exist to help homeowners and businesses switch to renewable energy sources. There are currently four main incentives to encourage the adoption of solar panels in the United Kingdom. The Smart Export Guarantee, or SEG, came into effect on the first of January 2020.

Should you install solar panels on your commercial property?

There are many advantages for businesses that choose to install solar panels on their commercial property. Solar power provides a cost-effective solution for companies looking to reduce their energy consumption. Commercial solar panel installations can have a payback period of as little as five years.

Can I get a grant for solar PV installation?

The National Lottery has a pragram called Awards for All, which is open year-round and can provide funding for solar PV installation. Lottery grants are more likely to be awarded to commuity buildings and charities, but it's always worth contacting them and proposing an application.

Are solar panels VAT free in the UK?

Since April 2022, UK homes have been able to benefit from zero VAT on solar panel materials and installation. The scheme ends in March 2027 and returns to 5% VAT. While it's at 0%, the average family can save more than £1,000 when choosing to have solar panels installed and up to a further £1,180 a year on energy bills.

Does SEG offer government grants for solar panels?

SEG doesn't offer government grants for solar panels directly; instead, it provides your household with a different way to save money by investing in a solar panel system. If you decide to invest in a solar panel system, SEG helps to reimburse that investment.