CEGAM

Community-owned Energy in Gargrave and Malhamdale

Government looking to cut solar subsidies

This article discusses the government’s proposals to cut subsidies for solar farms under 5kW. This is in the size range most popular with community energy groups. Cutting the subsidies solar enjoys at present will obviously make it more difficult to attract investors to new community solar projects. This is a blow to community projects such as CEGAM but it’s not all doom and gloom. True it will put off investors as returns on their investment will be reduced. However community groups run by volunteers have low or no overheads and solar requires negligible maintenance. So as long as electricity is sold to the grid, and the project is fully funded from shareholder capital there will be some return on capital invested. As the price of electricity goes up to cover the 10p per kW being promised to nuclear operators, and the cost of solar panels come down, prospects can only improve. Read the article and sign the petition.

 

Updated: July 24, 2015 — 6:49 pm
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