FINANCE

VAT is exempt until March 31, 2027, with certain conditions:

– Materials must be new.

– Applicable only to residential buildings.

-The supplier and installer must be the same entity (no DIY installations).

– The company must be certified by Flexi-Orb or MCS.

Government Grants and Schemes:

– Energy Company Obligation 4 (ECO4) offers free or heavily subsidized solar panel installations for eligible low-income households, potentially covering up to 100% of installation costs. This scheme is available until March 2026.

Smart Export Guarantee (SEG):

– This scheme doesn’t finance installations but allows homeowners to earn money by selling surplus electricity back to the grid, enhancing the long-term financial returns of solar panels.

Alternative Financing Options:

– Solar Panel Loans are available from many providers, enabling homeowners to spread the cost over time, with some loans starting at £25 per month.

Green Home Rewards:

– Banks such as Barclays provide cashback rewards for residential mortgage customers who install solar panels, with Barclays offering a £1,000 cash reward for qualifying customers.