UK solar subsdies to be cut by more than half

Haven't financing costs also declined? So what if the payback period will now be 18 years? What else would you do with your money? Keep it in the bank? :-)

N

Solar subsidies to be cut by more than half

Published 28 October 2011

http://www.euractiv.com/specialreport-solarpower/chinese-solar-subsidy-storm-heads-europe-news-508585?utm_source=EurActiv+Newsletter&utm_campaign=9861f0ac5e-my_google_analytics_key&utm_medium=email

... The cut will almost double the payback period for householders, the document revealed, meaning someone installing £10-12,000 solar panels will only be in credit after 18 years rather than the current 10. The rate will be reduced from 43.3p per kilowatt hour of solar electricity to just 21p, the document revealed, cutting returns from around 7% to 4%.