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FIT payment removed altogether

Please forgive me if this has been posted before. I understand from another thread that they are about to make a huge ct in FIT payments to new customers in january. Is there any law which prevents the govement removing the inexed linked FIT payment currently 43.3p or reducing it sometime in the future

Comments

  • anselld
    anselld Posts: 8,667 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    There is no law which stops any government changing the law!
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    This is always the problem - nothing is ever guarenteed. They could do whatever they like. Its not wise to get solar purely on the figures available today as these can and probably will change.
  • Brian99_2
    Brian99_2 Posts: 155 Forumite
    I imagine they could well start taxing the FiT ... when enough people are on board. Tax laws can always change.

    They will see it as an income.... Is there any small print in the contract, saying "subject to taxation laws"...

    Maybe someone with a FiT contract can check this ??
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