Economic support to solar projects in the UK will fall to £2 million per year.
That’s an “extreme” 98% cut to the previous solar budget which spent £70 million per year in the sector.
An analysis from the Solar Trade Association (STA) stated the industry will have a maximum support of £7 million in the next three years under the Feed-in Tariff scheme from next year.
That means in the next three years 0.04% of the ‘Levy Control Framework budget’ will be spent on new solar projects.
“Less than what Buckinghamshire County Council spends on potholes in a single year” said the STA.
Paul Barwell, CEO at the STA said: “This 98% cut in support is extreme and will decimate the nation’s most popular source of energy and puts at risk over 20,000 solar jobs. The UK will be left behind if we turn our back on a global solar revolution.”
“We have a plan to maintain a robust and growing solar industry and are keen to work with Government to find an effective solar policy that also delivers value for money. It is essential the Government rethinks its proposals – jobs and businesses are at risk.”