Govt solar cost estimates 'are wrong' - 01/03/2012
Government estimates for the cost of providing subsidies to people who are generating cheap electricity through solar power are incorrect, it has been stated.
The Department of Energy and Climate Change (DECC) has claimed that continuing to pay the higher Feed-in Tariff (FIT) rate of 43.3p/kWh for installations registered between December 12th 2011 and March 3rd this year will cost £1.5 billion.
This expense is one of the main reasons it has been challenging a court ruling that found cutting the FIT rate to 21p/kWh from last December was unlawful.
However, its statistics have been disputed by solar power firm HomeSun, with the group's chief executive Daniel Green saying: "Our own analysis based on the latest figures posted on DECC's website show that the burden on domestic energy bill payers is going to be only around 50p per household per year."
He added this is a small price to pay to help a successful solar industry that employs thousands of people and generates large revenues for the Treasury.
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