The Department for Energy and Climate Change is proposing to slash the Feed-in Tariff rates for solar PV systems by 87%.
The Government published its review of the Feed-in Tariff scheme (FITs) today, and is proposing deep cuts to all bands from 1st January 2016. Consumers can expect to earn 1.63p per kWh for a 0-10kW system from next year, which is a huge cut to the 12.92p/kWh for a 4kW system currently available until 30th September. If these new cost control measures are ineffective, the Feed-in Tariff scheme could be axed altogether.