UK solar power subsidies for home owners in death spiral

Tallbloke's Talkshop

[image credit: newsolarpanels.co.uk] [image credit: newsolarpanels.co.uk]
Looks like curtains for small-scale solar in the UK if the planned new rate of 1.63 pence per kilowatt hour is approved. Financial reality is starting to catch up with ‘green dreams’ in the UK as BBC News reports.

The UK government says it plans to significantly reduce subsidies paid to small-scale green power installations. Under the proposals, the amount of money paid to home owners and businesses producing electricity from roof-top solar and small wind turbines will be limited from January 2016.
Subsidy schemes could be closed to new entrants from the start of next year.

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