FiT Cuts Could Threaten the Stability of up to 70 per cent of Solar PV Companies Warns NAPIT

The call comes after the prominent certification body and trade association sought the views of hundreds of its registered installers to find out how the proposed changes would affect their businesses. 

Commenting on the consultation, NAPIT trade association chairman Frank Bertie said: ‘The Solar PV sector has experienced record growth in the past year and is currently leading Europe in bringing output from renewables into line with levels produced by nuclear power.’

‘But, from next year, the Government is proposing to cut tariff subsidy levels for the technology by up to 87 per cent, essentially throwing a stick into the spokes of the industry on the brink of becoming subsidy free.’

The NAPIT survey showed that 70 per cent of respondents said the proposed tariff changes would affect the financial stability of their business and almost the same proportion said they would leave the solar PV industry all together if the cuts were introduced. In addition, four out of five said they would expect the changes to reduce the amount of installations they are able to do by 80 per cent or more.

The Government is expected to announce their plans for the Feed-in Tariff by the end of the year, with changes taking effect as early as January 2016.

For more information on the NAPIT Trade Association and its work to support the interests of over 10,000 registered tradespeople across the UK, visit: www.napit.org.uk/trade-association/trade-association.aspx

 

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