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UK government cuts home solar rewards by 65 percent
As part of its commitment to renewable energy, the UK government offers financial contributions to those who have solar panels installed at their home. This "Feed-in Tariff" pays homeowners to generate their own power, which not only feeds the appliances in their home, but can also then be sold back to the grid by way of an "export tariff". Currently, the Feed-in Tariff sits at 12.47 pence per kilowatt hour, but the Department of Energy and Climate Change (DECC) confirmed today that payments will be reduced to 4.39 pence from next month, a drop of 65 percent.
