The UK battery storage market could run out of juice, if the proposed controversial VAT increase comes into effect.
Battery Storage is predicted to increase 5-fold in mainland Europe over the next 5 years to a giant 500MW of storage. As more consumers switch on to plugging in battery storage to store the power generated by their solar panels.
The forecast for the Battery Storage market in the UK looks less than promising, due to the proposed VAT rise and the current “unfavourable” government policy due to take hold this October.
The Government has blamed EU rules for the VAT change, which is disputed by Molly Cate, a green MEP for South West England. Tied in with the fact we are expected to leave the EU on the 31st October… Clarity and genuine action is required at Government level for homeowners to take control of their energy usage.
Battery Storage at present remains one of the most attractive ways to generate your future, our recommendation would be to secure your Battery storage system well before the VAT rise! With Hero Renewables we can offer you two different types of battery storage from reputable manufacture’s proving you the peace of mind.
The award-winning German Sonnen Battery is more than just a battery, it provides you the ability to store your own energy and with its sleek modular system enables you to grow your storage capabilities as your home and energy requirements grow. Its intelligent storage system automatically adjusts the energy usage in your home, enabling you to remain energy independent and protecting you from increasing energy prices.
A battery storage solution with a capacity of 13.5 kWh – exceeding the UK daily average of 10.97 kWh. This extra capacity allows for continuous energy usage from the system through the year. The Powerwall can unlike other conventional battery storage systems can be discharged to 0%.
To find out how much money you could save on a battery storage system and beat the VAT increase, give us a call for a free quote on 0808 222 0 111.