The trade associations who represent major British industries including retail, property, construction and technology, have written to Chancellor Rishi Sunak to request that renewable energy technologies including solar Photovoltaic (PV) and battery storage are removed from business rates.
They have argued that this would boost commercial deployment, helping to provide much needed green jobs and bolstering economic recovery, which is needed in the UK to meet plan put in place by 2050.
The Solar Trade Association (STA) estimates that excepting solar PV could deliver between 1,500 and 1,800 additional jobs each year going forward, as well as increasing business investment in the UK by more than £315 million.
“This will help businesses in Britain to build back better and contribute towards a green economic recovery by easing the frankly unjustified and disproportionate tax burden on renewables, driving the uptake of new solar in the commercial sector and delivering thousands of high quality green jobs across the country”, stated STA chief executive Chris Hewett.
National Federation of Roofing Contractors CEO James Talman said that the roofing industry is in a prime position to help the government reach net zero through the installation of solar on commercial roof spaces. He said they are being “held back by the archaic business rates system, which is stifling investment and innovation”.
“We urge the Chancellor to rectify this by exempting renewable energy generation and storage from business rates to help reduce in carbon emissions and create thousands of quality skilled construction jobs, as well as generating millions of pounds of green business investment,” Talman said.
The public consultation closed on Saturday 31st October, meaning that the Government will now be undertaking a review of the business rates regime and hopefully the trade associations achieve what they set out to do.
The letter follows a similar call made by a group of associations in August calling on the Treasury to implement tax relief for clean energy technologies.
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