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Taxing the Sun

daryan12's avatardaryanenergyblog

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I’ve joked before that it would be just a matter of time before the Tories started taxing solar panels rather than subsidising them. Well, now its happening. To help pay for the ever increasing cost of brexit they are putting up business rates. And within this tax hike they’ve sneaked in a clause that withdraws certain exemptions to business rates meaning they will now apply to those selling electricity to the grid via solar feed in tariffs. And we’re not talking a minor increase here, a 6 to 8 fold increase in taxation is expected for some operators, effectively making some solar installations uneconomic.

This is not the first time they’ve tried to pull this trick, they tried it before prior to the referendum, but were forced to back down, when the media caught them at it. Oddly enough they blamed the EU on that occasion for forcing them…

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March 9, 2017 - Posted by | Uncategorized

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