Consumers are facing an increase from 5% to 20% VAT on the cost of installing their own low-carbon energy and storage. Increasing costs for the solutions to climate change we can use today. Meanwhile, domestic coal, the highly carbon intensive fuel the UK is committed to eradicating from our energy system, will continue to enjoy the lower 5% rate.
We want this tax hike to be halted with immediate effect.
Why is this important?
This hike is certain to hit innovation and investment in the UK’s growing solar and battery storage market. Not to mention the vital progress on decarbonising heat, which according to the Spring Statement is a strong focus for this government.
There could not be a more contradictory step following the declaration of a climate emergency by parliament.