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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
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