VAT cuts reveal solar energy is the brightest option for UK homeowners

With the average yearly cost of energy bills surging due to price caps rocketing by a whopping 54%, UK homeowners are forced to financially rethink – and not just in terms of energy usage, but with their living expenses overall. For many households, what used to be a three-figure bill has gained an extra digit or two, almost overnight.

Pressurised by the unprecedented surges, the government have offered a long-term solution to the issue, with Chancellor Rishi Sunak recently announcing the VAT cuts across renewable energy installation projects. There could be light at the end of the tunnel for UK homeowners who are considering jumping ship to greener, more cost-efficient renewable energy. The original 5% VAT has been axed, allocating renewable energy solutions with a refreshing zero-rating; an implementation that is set to stand for at least the next five years.

Protecting your bank account against the rising energy costs with solar solutions

Installing solar comes with a whole plethora of benefits anyway. But considering the axed VAT, residential solar energy has become even more of an attractive option for UK homeowners who may not have considered solar installation otherwise.

These cuts have planted the solar seeds for many homeowners wishing to act now to reduce the cost of their energy bills in the long run. There is also hope that, by improving solar accessibility, the nation will be further encouraged to switch to greener and cleaner energy solutions to reduce the national carbon footprint on a domestic level as well as commercial.

The volume of residential solar installations has increased by 45% in the last three years alone, and it’s only going uphill from here. Hopefully, Sunak’s instigations of change will kick off the materialisation of solar from an ideal into a real-life, money-saving solution on a more frequent basis! This financial incentive re-illuminates some of the invaluable benefits that solar installation has to offer and reminds homeowners that solar could just be the next greatest investment they make.

So, with the VAT cuts in mind, how else can residential solar installation benefit UK homeowners? Read on, to find out why solar power is becoming increasingly popular, and how Kembla can help remove that feeling of dread you get when you receive your energy bills.

1. Further long-term cuts
It might be well and good to cut VAT. But by installing solar energy, you’ll also be saving money on your long-term energy costs, too. The average UK homeowner could be saving up to 80% on their energy bills yearly. In his statement to Parliament, Sunak announced
“A family having a solar panel installed will see tax savings worth over £1,000, and savings on their energy bill of over £300 per year.”
There really are some hefty savings to be made here, which would reimburse any installation expenditure.

2. Self-sufficient energy
Generating energy on your own soil means zero commitment to an energy provider. Going solar means you are generating power from a system that is –

Reliable
Contrary to popular myth, solar energy will continue to generate a sustainable flow of energy to your home on darker days. It’s just as reliable in the winter as in the summer.

Consistent
The sun isn’t going anywhere, just yet. If there’s a sunrise, you’ve got power.

Self-manageable
No commitments to an energy provider mean there’s no mammoth blue-chip company in the way of you and your energy. It drastically simplifies the process of powering your home and puts you in total control.

Low maintenance
It is recommended that your solar installation is checked on a yearly basis, just to make sure it’s working as it should. But apart from that, solar power is generally very easy to live with. Your home can run on solar for 20 years before you ever need to consider any replacement parts.

3. Increases the value of your property
Solar increases the value of your property, making it a far more appealing option within the competitive property market. The energy costs don’t seem to be budging anytime soon, so shoppers are more likely to fork out for a property with solar power under its belt. This not only reduces their energy expenditure but also removes the dreaded task of comparing energy providers on endless comparison sites. So, if ever you considered selling your property in the future, it would be particularly attractive to any prospective buyers who are used to paying triple the amount for energy, through an energy supplier.

4. Greener & Cleaner
Reducing your domestic carbon footprint means you can rest assured knowing your energy has been sourced ethically, without any environmental destruction. If more and more of us opted for solar, we’d start to see its positive environmental effects rapidly.
The Energy Saving Trust has approximated that one household switching to solar energy will save up to 1.6 tonnes of carbon per year. Solar power runs on a 0% carbon emission basis, meaning your home can be powered sustainably and ethically without toxifying the atmosphere.

5. Returns through net metering
Switching to solar power could provide you with a hearty return on your green investment, too. Any energy that your household doesn’t use, can actually make you money. Any residual energy generated is automatically transferred into the national grid system and is financially returned to you at the end of the year.
The opportunity for financial gain through solar installation is an attractive aspect of solar. It also incentivises solar users to continue keeping up with greener habits, so as not to waste the leftover profitable energy.

How YOU can experience the benefits of residential solar with Kembla

If the recent VAT cuts have made you think more about switching to solar, then now’s the best time!

The wheels truly are in motion for many UK homeowners switching to renewable energy, and Kembla makes it as easy as possible.
With a knowledgeable team, professional service, and secure installation, we can help your home to become greener and save you a lot of money in the long run.

If you’re thinking about making the ultimate cash-saving decision to go solar for your household (or simply want to enquire about how the changes to costs would affect your installation), then contact Kembla for a quote or a free consultation. We can tell you just how much you could be saving and offer a solar solution that’s completely tailored to you – giving your home a brighter and cleaner future.