Plans to change what households make from solar Feed-in Tariffs 'feels a breach of pro

aintreemaid

https://forums.moneysavingexpert.com/discussion/comment/81870956#Comment_81870956

Thanks for the suggestion, Qyburn, but I'm not sure that would work for us. Firstly, because we are at home all day our energy consumption is quite high so I suspect our export may well be significantly less than the currently assumed 50%.

The FIT payment increases were, supposedly, guaranteed for 25 years and SEG tariffs tend to only last 12 months with quite frequent changes. However, we can see what’s happening with FIT, so who knows what they’ll do to wriggle out of SEG payments!

Also, I'm being a bit of a Luddite and refusing to have a smart meter, so that knocks the idea on the head anyway.

trekker2002

Typical of Governments especially this one. We signed a contract and now they renege on it. This cut back to CPI will be followed by a freeze on payments next year or in 2028. Our panels were fitted in 2011 on strength of inflation proof earnings until 2036. What next? Making FIT taxable? Nothing would suprise me. Roll on 2029.

Scot_39

FIT is already potentially taxable. Always has been.

There is a primarily for own use exemption for domestic occupiers.

And profit is taxable for businesses and in some cases landlords.

Qyburn

Thanks for the suggestion, Qyburn, but I'm not sure that would work for us. Firstly, because we are at home all day our energy consumption is quite high so I suspect our export may well be significantly less than the currently assumed 50%.

I think this is another example of why some people are less sympathetic about the changes. In this case wanting to continue receiving export payments for electricity that he is not actually exporting.