Solar Panels

Simplified

How much could your company save by switching to solar?

With energy bills on the rise there has never been a better time to future proof your business with solar panels. Installing a solar PV system not only reduces your electricity costs but also provides green electricity that reduces your carbon footprint and helps your business reach its sustainability goals.

To minimise the impact of current energy markets, businesses must look at ways to reduce imported energy consumption from the grid. Installing solar PV will not only reduce grid consumption and help your business meet sustainability and carbon reduction goals, but there are also significant tax benefits for businesses who invest and install solar panels.

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Business Tax Benefits

Businesses can benefit from the following Capital Allowance tax treatment if purchasing solar panels:

  • -100% relief of the cost under the Annual Investment Allowance (set at £1m).
  • Within Freeport tax sites, companies can access new Enhanced Capital Allowances (ECA+) and companies, individuals and partnerships can benefit from an increased level of Structures & Buildings Allowance (SBA+) for investments until 30 September 2026.   

Solar panels are a cost-effective way for businesses to reduce both carbon emissions and energy spend.  

GLEG provide a free of charge desktop feasibility study to understand the best size of system, Capex, payback period and funding options.