Government announces solar tariff cuts
The subsidy for solar power will be halved for new installations from 12 December of this year, according to a recent announcement from the Government.
Consumers who register for the Feed In Tariff scheme after that date will see their tariff reduced from the current rate of 43 pence to 21 pence, even if they have already paid a deposit. The reduced rate will take effect from 1 April and be paid to anyone who installed their solar system after 12 December.
Climate Change Minister Gregory Barker said the government risked running out of money by next year. Speaking at an emergency debate, Mr Barker also outlined plans to limit installations to homes that have already carried out energy-efficiency measures.
At present, households generating electricity from solar power receive a subsidy of 43p per kilowatt hour, around four times the amount consumers pay for their electricity.
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