With the news that the Government are set to cut the subsidies for solar power that they have in place, there also comes news that the world’s biggest solar power company, Sharp Solar, are threatening to pull out of the UK if the Ministers cut the subsidies for the FIT (Feed in Tariff).
When the Government introduced the FIT they expected to see an increase in solar installation but the rise they did see was not what they expected and it is resulting in a potential reduction in the money that the Government had set aside for this scheme.
If you’ve been thinking about getting solar panels for your home then you may want to act quick because the worst case scenario is that in a matter of months the Government may have halved the amount of money that they set aside for the FIT and the largest supplier of solar panels in the world may have pulled out of the UK.
There are a lot of different positives that having solar panels fitted on your property can have. From solar hot water to solar heating, you can make your property much ‘greener’ than it is now by fitting solar panels.
Speaking on the possibility of leaving the UK, Sharp said: “Sharp has invested £26 million in its UK factory which, in 2005, became our European Union manufacturing base, we are disappointed that this inward investment appears to have been overlooked and in light of the Comprehensive FIT proposals we are now in a position of reviewing our presence in the UK.”
So as well as the public feeling slightly let down by the Government, Sharp are too. Looks like you better snap up your solar panels before the prices sky rocket!
