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MSE News: Solar subsidies may be slashed further, Government says
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Former_MSE_Guy
Posts: 1,650 Forumite
in Energy
This is the discussion thread for the following MSE News Story:
"The Government has proposed an even greater slashing of solar panel subsidies, as it confirmed the first cut will happen from next month ..."
"The Government has proposed an even greater slashing of solar panel subsidies, as it confirmed the first cut will happen from next month ..."
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Comments
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Excellent news.
It was always the case that there was to be a finite sum(that we electricity customers pay) for subsidies and the idiots in the The Friends of the Earth - who went to court to keep the subsidies high - couldn't see that reducing the subsidy would enable more solar electricity to be produced for the same outlay.0 -
Does this mean that the 'Solar Industry' that was going to be decimated by the first round of cuts..............is really really going to suffer a long slow death?0
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Good that they are being reduced, even if at a fairly slow rate.
Next interesting move will be the Green Deal to be announced this autumn. That may make it possible to buy the panels and have a fairly low finance charge paid from the power bills of the property.
The long term interest is when panels can eventually compete with mains power without a subsidy. The people who will really make lots of money may well be the ones who are patient enough to wait and get a good deal then.0 -
Good
thank to the world market and production ramp , wholesale prices are dropping like a brick - 45% for chinese panels in 1 year alone , amazing stuff; if anyone really belives a 4kw installation still costs more than £10k they need there head testing.0 -
Why should those who can afford £12k to pay for these in the first place - benefit further ?0
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waveneygnome wrote: »Does this mean that the 'Solar Industry' that was going to be decimated by the first round of cuts..............is really really going to suffer a long slow death?
This 'solar industry' largely didn't exist 2 years ago. It sprung up almost overnight to cash in on the rich pickings available from the subsidies.
They have made a killing - time to move on!0 -
There is already a thread about the rights and wrongs of Solar PV Feed in Tariffs.
https://forums.moneysavingexpert.com/discussion/3731587
I don't see much point in repeating the same old arguments on this one.0
This discussion has been closed.
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