25 May '12, 4pm

UK Again Cuts Solar Feed-in Tariffs

UK Again Cuts Solar Feed-in Tariffs

From 1 August, the tariff for a small domestic solar installation will be 16p per kilowatt hour, down from 21p, and will be set to decrease on a 3 month basis thereafter, with pauses if the market slows down. All tariffs will continue to be index-linked in line with the Retail Price Index and the export tariff will be increased from 3.2p to 4.5p. The government claims that the new tariffs should give a return on investment of over 6 percent for most installations. Tariffs have already been cut once this year: in April they were slashed from 43p to the existing 21p. The government tried to implement this reduction last December but was taken to court by solar companies who objected because a consultation period on the cuts was still ongoing. The government lost the case. Energy and Climate Change Minister Greg Barker said yesterday that he wanted to send “a very clear messa...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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