Buying A Solar Panel Part 3

UK Treasury Official

Well, our "greenest government ever" (their words, no-one else's) has done it again.

On Monday (Oct. 31st), the UK government announced it would be halving feed-in tariffs on domestic solar panels installed on or after Dec. 12th 2011. In other words, if you install panels after that, the pay-back period will be around 18 years.

Solar panel installers are shocked by the announcement, which has come out of the blue, leaves them with no time to adjust, and will practically kill off this expanding industry, leading to thousands of job losses.

It also leaves me scrambling to get some panels fitted before the deadline. Oh, and I've also got to have them registered with an energy company before that deadline or it still won't count.

This government doesn't give a damn about green issues, all it cares about is making penny-pinching cuts.