The Government is incentivizing switching to renewable energy like solar in a big way.
So if you are thinking of installing solar and using your roof space to save money and reduce your impact on the environment, you will want to know what grants and incentives are available.
Energy Company Obligation (ECO)
🗓️ Starting in July 2022 until March 2026
The fourth and final stage of ECO called ECO4 provides heating, insulation and renewable grants for the most inefficient homes in the UK. £4 billion has been allocated to the scheme. UK homeowners have a greater chance of getting this grant due to LA Flex which lets councils decide region-specific eligibility. The property needs to have an Energy Performance Certificate (EPC) rating of D, E, F or G to be eligible (only 15% of funding will be spent on properties with a D rating on their EPC).
Feed-In Tariff (FIT)
🗓️ Closed for new applications in 2019, but those who had registered prior to this can still benefit. Under the scheme you could receive payments for each unit of electricity produced.
Local Authority Delivery (LAD)
🗓️Starting in 2022 until March 2023
ECO3 is the third phase of LAD. The scheme provides heating, insulation and renewable funding of up to £10K for home owners. Landlords are required to contribute. Household income must be less than £30K to be eligible and the property needs to have an Energy Performance Certificate (EPC) rating of D, E, F or G.
Renewable Heat Incentive (RHI)
🗓️ Closed for new applications on 31 March 2022. The scheme provided 7 years of quarterly cash payments for solar panels.
Smart Export Guarantee (SEG)
🗓️ Started January 2020
This scheme allows you to receive payments for selling surplus energy back to the grid.
VAT reduction on solar
🗓️ 1 April 2022 until 31 March 2027
This reduction means that you’ll pay 0% VAT on the installation of solar panels.
Our solar panel infographic summarises the current options in England: