Today’s Budget see solar remain locked out on the types of tax breaks available to fossil fuels, while general lack of energy policy continues to fail long-term low carbon investors, argues Solar Trade Association.
Confirmation of sizeable financial support for offshore wind, marine power, biomass CHP and energy from waste welcomed by renewable energy groups, but government’s solar blind spot continues.
UK taxation department HMRC agrees to place batteries sold with a new solar system in 5% VAT tax rate following lobbying by the Solar Trade Association. Government will also consider proposals to offer reduced rate to all storage.
The event organized by the Solar Trade Association offers reminder that solar PV has been a transformative energy source in the past few years, and is backed by 86% of the population.
The U.K. Energy Research Centre has called on the British government to invest in greater grid flexibility if it is to make renewable energy sources cost-effective. Solar Trade Association calls the report “timely”.
Update from SolarPower Europe reveals that the continent installed 1.56 GW in the months from June to September, a 10% decline on Q3 2015. First nine months of the year saw 5.3 GW installed, a decline of 18%.
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