If the government is to fulfil its renewable energy targets, the UK should have 10 million homes with solar panels before 2020. Since 2010, the government has encouraged homeowners to buy solar panels by offering tax-free cash earnings through the Feed-in Tariff scheme (FITs). But that is about to change.
From 1st January 2016, the government is planning to cut the FITs by a huge 87%. This means that homeowners that choose to install solar panels after this date will only get 1.63p/kWh, compared to the 12.47p/kWh they can get currently.