Solar Panel Payments finally cut

Subsidies for small scale solar electricity panels on homes are to be cut, the government has announced, although by less than expected.

The payback will be cut by 64%, although this is less than the previous proposal of an 87% slash in payments which would have damaged the industry even more.

The cuts have been softened following a storm of criticism.

The government says large-scale solar farms are cost-competitive, but the sector says it is being forced to stand on its own feet before it is ready.

The industry is still concerned about a new government cap on the volume of solar installations. Check out the latest install costs and payment incentives here