- sending payments down from £495 to just £64 a year

  • Generation feed-in tariff will fall by up to 90%
  • Attraction of solar panels as an investment could be killed off by cuts
  • No cuts for existing installations
  • Experts predict rush of people installing panels to lock in current rate
  • Review says it may have to 'end generation tariffs for new applicants'



​Solar panel feed-in tariff payments on offer to homeowners are set to be dramatically reduced by almost 90 per cent from next year and be lowered every year after, a Government report today suggested. This would drive energy generation returns on a typical home's panels down from the current £495 estimated by the Energy Saving Trust to just £64 per year, which experts suggest could kill off solar panels' appeal as an investment. At present, the generation tariff that delivers the bulk of returns from solar panels is 12.92p/kWh for a typical residential system. But this will dive by a whopping 87 per cent for new installations from next January if the proposals go ahead - and payments will eventually vanish altogether by 2019. Existing solar panel installations will not face cuts - only those installed from January 2016........Read more here