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Vat rate on solar panels abolished

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The government is abolishing Vat on solar panels in a move which will reduce the typical cost for homeowners by €1,000.

The 23 per cent VAT rate will be cut to zero following the EU’s decision last year to allow member states to do this to encourage the growth of renewable energy.

It is expected to would lead bring the average cost of a 4.5 kilowatt solar panel installation with around ten panels down from ...

 

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Vat rate on solar panels abolishedThe government is abolishing Vat on solar panels in a move which will reduce the typical cost for homeowners by €1,000. Providers will put the price up - age old problem. You'd have to ask the question, why was there VAT on them in the first place? Great initiative. 👏 Solar should be compulsory on all new builds.
Source: businessposthq - 🏆 8. / 71 Read more »