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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
No VAT for Battery Storage
Zero VAT for Battery Storage
World shift to clean energy is unstoppable
"It's not a question of 'if', it's just a matter of 'how soon' - and the sooner the better for all of us," said International Energy Agency (IEA) Executive Director Fatih Birol.
SEG tariffs under review
With power prices in Britain remaining high, Octopus Energy recently increased its smart export guarantee (SEG) tariff to 7.5p/kWh, topping the tariffs on offer.
Turning point for planet-friendly energy
The world will likely use fewer fossil fuels to produce electricity this year in a “turning point” for planet-friendly energy, a new report says.
