Solar panel subsidies could be slashed again by next year, the Government has said, after it confirmed the first cut in the feed-in tariff will happen from next month.
The Department for Energy and Climate Change (DECC) today announced plans to halve the tariff, which pays people to generate electricity, for anyone who installs and registers from 3 March 2012.
While this was expected following a legal challenge to its original plans to slash the benefit in December, buried deep in this morning's consultation document lay proposals to almost halve the gain again by April 2013 in three further stages.
After the March cut, the subsidy would be slashed by at least another 20% for those who install from 1 July 2012. Payments would drop again in October 2012 and April 2013, or earlier if too many people install solar.
Those who already have panels keep the rate at the time of registration, which follows the installation.
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