Posts Tagged ‘DECC’

87% cut to solar rebates imminent

Monday, September 14th, 2015

The Department for Energy & Climate Change (DECC) has proposed huge cuts in the feed in tariff rates (FiTs) for solar PV installations of as much as 87% by 1st January 2016.

FiTs provide long-term financial incentives to businesses that generate their own electricity from renewable sources. Once accredited under the scheme, installers are eligible for guaranteed “generation” payments for the power that they generate and “export” payments for additional power that they send to the grid over the life of the generation equipment.

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