The rise in the UK of the guilds continues, history repeats, and the cycles continue...
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Nicholas Doyle, project developer at housing authority Places for People, predicts the FIT will be slashed.
‘I would put money on the FIT being cut,’ he said at a solar power conference on Monday. ‘I think it is going to be cut hard and I think it is going to be cut fast.’<!--QuoteEnd--></div><!--QuoteEEnd-->
UK Climate Change and Energy Minister Greg Barker today confirmed that the government will slash feed-in tariffs (FITs) for solar power by more than half.
He said that the proposals to cut the tariff for solar installations up to 4 kW in size from 43.3p/kWh to 21p/kWh would keep the FIT scheme’s budget under control and put the industry on a firmer footing.
There will also be reduced tariffs for schemes of between 4 kWh and 250 kWh, while from April next year any property applying for a FIT will have to meet a minimum energy efficiency requirement.
“The plummeting costs of solar mean we’ve got no option but to act so that we stay within budget and not threaten the whole viability of the FITs scheme,” Barker said in a statement this morning. “Although I fully realise that adjusting to the new lower tariffs will be a big challenge for many firms, it won’t come as a surprise.”
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