Tens of thousands of jobs could be at risk after the Government’s proposed changes to the Feed in Tariff (FiTs), the subsidy for solar power.
Today DECC announced the FiTs would be halved, with a new tariff for schemes up to 4kW in size of 21p/kWh – down from the current 43.3p/kWh.
David Hunt, a director with Eco Environments, said: “We do not dispute that the Feed in Tariffs should be reduced but to a sensible level. Slashing the payments by 51% is the economics of the madhouse.
“Companies such as our own, offering a comprehensive range of renewable energy technologies, will be okay in the long-term, but there are many companies dependent solely on solar power which will now go to the wall along with tens of thousands of jobs.”
The renewable firm echoed calls from consumer group Which? to push back the date for solar projects to be included in the scheme to next Spring.
Mr Hunt added: “We will be looking to make the Government see sense and amend its proposals during the consultation process. Businesses, jobs and consumer confidence are at stake unless Ministers row back from such a drastic reduction in the FITs.”