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Did you know that the UK Government has recently announced that retrofitted battery energy storage systems will be exempt from the 20% VAT starting from the 1st of February 2024? This means that there will be 0% VAT on battery storage!
This is a great incentive for homeowners in the Southwest to invest in renewable energy and storage solutions, which will not only help them save money on their energy bills, but also contribute towards a greener and cleaner future.
What is Battery Storage?
Battery Energy Storage Systems (BESS) are devices that store electrical energy in batteries, which can be used later when needed. These systems are becoming increasingly popular as they can help individuals in Devon save money on their energy bills by charging the batteries during off-peak hours, when electricity rates are lower, and discharging them during peak hours, when rates are higher.
BESS also plays a crucial role in integrating renewable energy sources like solar and wind into the grid, by providing a reliable and stable source of energy when the sun is not shining or the wind is not blowing. With the recent exemption of retrofitted BESS from VAT, the demand for this technology is expected to grow significantly, which will not only benefit the consumers but also contribute towards a more sustainable future.
Domestic battery storage systems are a great way to store power after the sun goes down. Battery storage increases the savings if you have solar panels fitted and they also offer a backup power source, which reduces dependence on the grid, carbon footprint and offers long-term energy savings through utility bills.
Get in touch with our Renewable Energy Specialists in Exeter for more information!
The Advantages of Battery Systems
Battery storage for solar energy is becoming increasingly popular as more people are looking for ways to store excess energy generated by their solar panels. A battery storage system allows you to store excess energy from your solar panels during the day and use it at night or during peak hours. This not only helps you save money on your energy bills but also reduces your carbon footprint by reducing the need for electricity generated from non-renewable sources. One of the main advantages of battery storage for solar energy is that it allows you to become energy independent. You can generate and store your own energy, reducing your dependence on the grid.
Another advantage of battery storage for solar energy is that it can increase the value of your property. As more people become aware of the benefits of renewable energy, properties with solar panel arrays and battery storage systems are becoming increasingly desirable. This can make your property more attractive to potential buyers and increase its value.
Overall, battery storage for solar energy is a smart investment for anyone who wants to save money on their energy bills, reduce their carbon footprint, and become energy independent. With the right system, you can generate and store your own energy, reducing your dependence on the grid and increasing the value of your property. So, if you are considering installing solar panels, be sure to consider battery storage as well.
Get in touch with our Renewable Energy Specialists in Exeter, Devon for more information, or alternatively, you can book your survey on our easy online booking system. Follow the link below!
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