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FiT cuts 'could threaten 70%' of solar companies

The NAPIT Trade Association is calling for the government to urgently rethink planned cuts to solar subsidies, warning they will cripple the industry.

The call comes after the certification body and trade association sought the views of hundreds of its registered installers to find out how the proposed changes would affect their businesses.

The survey showed that 70% of respondents said the proposed tariff changes would affect the financial stability of their business and almost the same proportion said they would leave the solar PV industry all together if the cuts were introduced.

In addition, four out of five said they would expect the changes to reduce the amount of installations they are able to do by 80% or more.

Chairman Frank Bertie said: “The feedback we received suggests the government could be on the cusp of destroying a huge chunk of the solar PV supply chain, and with it the livelihoods of thousands of hard-working people who not only install but also repair and maintain this valuable source of energy.

“This lack of government support would also have a negative effect on the confidence on the remainder of the renewables sector, as well as a destructive impact on an industry so close to self-financing.”

The government is expected to announce its plans for the Feed-in Tariff by the end of the year, with changes taking effect as early as January 2016.


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