Incredibly disappointing that the Government have stuck to their guns on massive tax hikes on companies and school who have installed PV. This will really cast doubts on the viability of future projects as the numbers struggle to stack up. Schools are going to be particularly badly affected with almost £2 million extra a year in annual payments. The retrospective nature of this policy is particularly sickening given that schools and businesses, who are trying to do the right thing by generating their own renewable energy, are getting punished. Ignoring a petition from over 200,000 signatories to re-consider their plans points to more ideological nonsense from the conservatives.
Greenpeace UK policy director Doug Parr said: “It appears the chancellor has failed to properly address the massive tax hike of business rates on commercial solar. The temporary reprieve of a £300m discretionary fund for local authorities is just a drop in the ocean. “It just delays the inevitable for the 23,000 schools, hospitals and offices who installed solar to generate their own energy and reduce bills, and now have to pay much more than they bargained for. “Crucially, this alone does not go far enough to prevent these damaging tax hikes from making future solar investment uneconomic - putting the brakes on a sector with major growth potential and leading to thousands more job losses. “Globally, there has been record installation of solar panels to harness the sun’s energy, but the UK government risks going backwards.