Spring Statement: Chancellor brings forward green-energy rates relief

By Emily Twinch2022-03-23T15:52:00

Sunak also removes VAT from installation of domestic solar panels and wind turbines

Chancellor Rishi Sunak has set out plans to bring forward a business rates exemption for companies investing in green technology, such as solar panels and battery storage, and removed VAT from a range of energy-saving measures for domestic properties.

Delivering his Spring Statement today, he told the House of Commons the business rates exemption would come into effect on 1 April this year rather than the same date next year, as he announced in 2021’s autumn budget.

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