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How are solar panels taxed?

Question asked by Gregory

What sort of taxes are associated with solar panels?

response from John Englund

VAT can be claimed back on the purchase of solar panels, and any investment in solar panels may also be subjected to capital allowance. Some believe that solar panels qualify for Enhanced Capital Allowance (ECA) reductions, which is a tax break for companies that invest in renewable energy. But they do not. The tax rate will be fixed according to the amount you paid for your installation. In 2012, the principal tax rate for companies was 26%.