Solar News

27-May-2012

There has been a small boost to the solar industry and anyone looking to make savings on their electricity bills by installing solar PV panels. It has been announced that the government have decided to delay proposed cuts in subsidies.


In April, the Feed-In Tariff (FITíS) was cut from 41.3p per KWh to just 21p per KWh, this is the amount you would be paid for every KW of solar energy produced.


The 21p rate was due to be cut further still further in July, but the government has now decided to delay these cuts, and it is believed that they may be postponed until the end of the year.


The secretary for the department of Energy and climate change, Ed Davey said: "I do listen to the industry and we are considering tweaking the start date for the next tariff reduction, but if we do it will be a tweak not a massive change."