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The sad thing is, the feed-in tariff subsidy would be less than UK's existing fossil fuel subsidies for homeowners. Yet solar is worth doing today in the UK, ev
by NeedMoreTea 7y ago
The sad thing is, the feed-in tariff subsidy would be less than UK's existing fossil fuel subsidies for homeowners. Yet solar is worth doing today in the UK, even with no subsidy if you project to stay in the house long enough to pay back capital cost.
With current solar pricing, it would be better for everyone if they simply moved a requirement for solar into the building regs. Like they've steadily done with insulation levels- though these are not yet adequate.
- makomk 7y agoA large chunk of the UK's existing "fossil fuel subsidies" for homeowners consist of the government charging a lower 5% VAT rate on domestic electricity and heating, much of which of course comes from fossil fuels. Take that away and spend the money on feed-in-tariffs, and you're again transferrirng money from the less well off to the wealthy.