In April 2022, the government cut VAT on renewable energy solutions from 5% to 0%. Rishi Sunak, who was Chancellor at the time, pledged 0% for five years, to encourage homeowners to choose more environmentally-friendly options between now and 2027.
In this blog post, we take a closer look at the scheme and why now is a great time to invest in an air-source heat pump to cool and heat your home.
0% VAT means a great discount on heat pumps
Many of us are watching our outgoings in the current financial climate. With no VAT to pay on air source heat pumps, you could be looking at a discount of hundreds of pounds.
The discount will lower the overall cost of installing your heat pump. Even though the heat pump runs on electricity, due to its energy efficiency, it is a cost-effective way of heating your home.
0% VAT makes it easier to switch to renewable energy
We all know we need to play our part to slow climate change, and a great way of doing this is to switch to renewable energy. It’s vital for the future of the planet that homeowners come away from gas and switch to electricity. This is because electricity can be renewable, unlike gas. Already, 43% of the UK’s energy is renewable – a figure that is set to rise.
The UK also has the capacity to produce its own green energy – an important factor as the country can no longer buy natural gas from Russia.
When you take advantage of the 0% VAT on heat pumps, you can heat and cool your home with renewable energy, which is both better for the environment and sustainable for the long-term.
Renewable energy for the future
We’ve been helping people in Camberley and other parts of Surrey and Hampshire cool and heat their homes with electricity for nearly thirty years. The Acclimatise team use air-source heat pumps in their own homes and are proud to be part of the green revolution. We welcome the government’s cut to VAT on heat pumps – it’s an important step towards meeting the UK’s target to be carbon neutral by 2050.
Air source heat pumps for your home
If you feel it’s time to heat and cool your home with an air-source heat pump, we’re here to help. Explore our site to find out more about how heat pumps work, or give us a call on 01483 570 120 to discuss your needs.