UK government delays cuts to feed-in tariffs at industry’s request.

May 24, 2012 Clean Energy, Commentaries 

Guardian: “The feed-in tariff for solar photovoltaic panels fitted to existing homes will be cut by about a quarter, from 21p per kWh to 16p, and the length of payments reduced from 25 to 20 years. However, the Department of Energy and Climate Change said financial returns would still be around 6% for homeowners, down from the 7-10% when the scheme launched in 2010, as panel costs have fallen. / The changes take effect on 1 August, one month later than planned. ….Jeremy Leggett, chairman at Solarcentury, said: “Though investor confidence will remain uncertain given the proposed three-monthly digressions, the majority of the government’s policies may herald a new seriousness of intent on solar, and indicate that a meaningful solar industrial policy is now a real prospect for the UK”.”

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