After months of speculation regarding the future of the Feed-in Tariff, the Department of Energy and Climate Change announced yesterday the extent to which the financial support for solar installations would be scaled back.
In a move that has caused widespread controversy within the industry and uncertainty in customers, the DECC last week revealed proposed Feed-in Tariff cuts of up to 87 percent from the start of January 2016. The announcement, a result of the long-awaited Feed-in Tariff review, also revealed more stringent plans for digression which could see an end to payments on certain system sizes as soon as 2019.
How will July’s Feed-in Tariff reductions impact the average customer looking to install solar PV?
A Feed-in Tariff cut is to be expected come July. But don’t panic, the planned Feed-in Tariff cuts won’t break the back for homeowners looking to invest in solar energy.