The ECO4 grant can deliver free solar panels, though the amount awarded depends on eligibility and specific circumstances. In some cases, the grant has covered the cost of multiple energy upgrades costing over £80,000, according to Kevin Henney, Director at ECO4 Hub. This could cover the cost of a single property.
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How much does a new domestic solar panel installation cost in the UK? Including when you factor in current government grants? In this guide, we will explain what
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In summary, this is the current situation with solar panel government grants and funding in the UK: There are no government grants for solar panels. There are no free solar panels on offer. However, you can take advantage of the Smart Export Guarantee.
As of December 2022, the only government funding available for solar panels is via the ECO4 scheme. The Energy Company Obligation (ECO) is at its 4th iteration hence the name ECO4. This funding is only available to households who meet the eligibility criteria, which includes the following: Your household earns less than £31,000 per year.
Solar panel grants and funding schemes like Energy Company Obligation are designed to encourage homeowners to invest in renewable energy and reduce their carbon footprint. These schemes can help offset the upfront cost of installing solar panels, making it more affordable for individuals to switch to clean energy.
Please note: the Green Homes Grant, as well as the feed in tariff are no longer available for new solar installs. You can earn money from your solar panels via the Smart Export Guarantee. The VAT reduction scheme means you will pay 0% VAT on new solar panels, which are set to run between April 2022 and April 2027.
The average home can save more than £1,100 every year with solar panels! There are several solar panel grants and incentives currently available in the UK, aimed at reducing the cost of solar panels, your households’ energy bills and encouraging the adoption of renewable energy. How much could you get?
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