Solar Power

(asked on 11th January 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of changes to the rateable value of solar panels on business rates for SMEs and community organisations using that technology.


Answered by
 Portrait
Jane Ellison
This question was answered on 17th January 2017

Property valuations for business rates are carried out independently by the Valuation Office Agency and are determined by a number of factors, of which the value of solar panels is just one.

From April 2017, nearly three quarters of all businesses will see no change or a fall in their rates bill, with 600,000 set to pay no business rates at all.

A £3.6bn transitional relief scheme will support the minority of businesses who do face an increase in bills.

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