VAT reduction on Solar Panels
National press reported Sunday that the government intends to reduce VAT on the sale and installation of solar panels. VAT is currently charged at a rate of 13.5%. This saving will reduce the time it will take to recover the costs of your solar panel installation. Press coverage reports that this will reduce payback time from 7 years to 6 years. While if true, this news is welcome, after many years of lobbying, an official announcement from government clarifying the details of when and how the change will take affect has not been made. Will the reduction only be