As part of his summer mini budget, the Chancellor announced the Green Homes Grant back in July. Now the details have been released, revealing which technologies will be included to help homeowners make their properties more energy efficient. We can confirm that solar PV will not be included in the grant.
Last year saw the Feed-in Tariff closed to new applicants, leaving a very different landscape to the heady days of 2010, when the Feed-in Tariff scheme was first launched and the subsidy was around 43p per kWh. In October, solar tax rates also got a shakeup, meaning not every installation is eligible for 5% VAT. So, are solar panels worth it today?
Speaking purely from a financial point of view, the answer is a resounding yes. Of course beyond the financial, there are many other environmental benefits to be gained from installing solar, installing residential battery storage, driving an electric vehicle etc. Not least because they all contribute directly or indirectly to tackling air pollution and the climate crisis.
Back to the financials. The solar subsidy may have fallen, but so has the cost of the technology. Overall the cost of domestic solar electricity is now around 8p per kWh. This is well below the 16p average domestic import cost from the grid (which, by the way, increased by 6% in the last 12 months...).
The government says it wants the UK to be the best place in the world to build and own an electric vehicle.
To support this, it needs the National Grid to be Smart, with a finely tuned set of tools available to balance demand and supply.
With this in mind, the government has announced that from July 2019, the grant of £500 per charge point available for home and workplace charge points will only be given to people installing Smart Chargers to charge their electric car.
What's a Smart Charger?
Get a generous £500 government grant towards your EV charger installation.
Spirit Solar engineers are now approved to install electric vehicle charge points, and claim the Office of Low Emission Vehicles (OLEV) grant on behalf of our customers.