Jobs warning over solar energy changes

The fear of redundancy and loss of jobs has been raised with the cancellation of energy grants.The fear of redundancy and loss of jobs has been raised with the cancellation of energy grants.The feed-in tariff was established before the last general election, and the current UK coalition government continued it. But now it is halving the rate paid for small scale solar energy from 43.3p per kWh, to 21p per kWh.

Companies attracted by the 25-year guarantee saw it as a better investment than simply banking spare cash, and also as a way to offset increasing energy bills by selling green energy to the national grid.

Many companies will be affected after the Department of Energy and Climate Change (DECC) announced the tariff changes.

The Conservative-Liberal Democrat government has argued it inherited the feed-in tariff system from Labour.

It argues there are still incentives for individuals and companies to use solar panels – and be guaranteed a good return for 25 years.

The minister in charge of energy, Charles Hendry MP, said: “I think what we have done is to put right a bad system. This was based initially on a presumed right of return of 5%.

“Because the last of the technology has come down so much, people are getting a rate of return on the investment of over 10%, tax free for 25 years, put on everyone else’s electricity bills. That’s simply unaffordable.”

The Renewable Energy Association says the biggest impact of the change will be on employment, with an estimated 11,000 and 29,000 jobs either at risk or likely to be lost across Britain.

December 29, 2011 · Home Based Jobs · Comments Closed
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