Why there’s never been a better time to invest in solar in Eastbourne
Sarah Jones investigates how to make the most of 0% VAT on battery storage.
Tax break to encourage us to convert to solar energy
There has never been a better time to invest in solar panels and solar battery storage. You may be asking: why now and why me?
As we battle our way through rain and wind, there is no denying that the weather is becoming more extreme and coastal towns such as Eastbourne really feel the full force of nature. But understandably, this knowledge is not enough to drive many of us to make the serious financial investment of changing to renewable energy. Except that it makes financial sense too.
One argument is that solar panels cannot generate enough energy to heat your home year round. However, the latest solar battery storage units have changed this forever. The Tesla Powerwall enables you to store both solar and electrical heating and to use it at a later date. The revolutionary part is that you can even access this supply during a power outage.
Tax-free investment
When you receive your installation quote, you will quickly discover that the battery is by far the largest cost. Yet it is integral to the sustainability of the system as a replacement for electricity. Excitingly though, the government, as of 1st February 2024, has acknowledged this by introducing a tax exemption on solar battery storage.
This is running concurrently with a tax freeze on solar panels and installation, which began in April 2022 and is to remain in place for five years. Coupled with the improvement in design and efficiency of the panels themselves, there has never been a better time to invest.
Conservative estimates forecast that the average household will recoup their investment within ten years of installation. From this point onwards, you are making significant savings and can enhance this by selling back to the grid. Currently, Octopus Energy offers the best smart export guarantee (SEG) tariff.
Why Tesla Powerwall
Sussex based solar specialists, CDS Electrical, favour the Tesla Powerwall for its aesthetics, its versatility and its efficiency. It is a slick design that can be fixed neatly to the wall of any building, and batteries can be stacked to offer additional capacity. The accompanying app allows you to monitor and control consumption remotely. It is also unique in that it is built from an environmentally friendly lithium-ion battery.
Where better to convert to solar energy than the Sunshine Coast?
To learn more about changing to solar, contact the friendly and knowledgeable team at CDS Electrical.