Householders planning to install solar panels will receive 87pc less in subsidy payments as ministers attempt to halt a £1.5bn overspend on renewable energy.
The Government consultation published today follows the recent axing of a £540 million taxpayer-funded scheme, the Green Deal, which gave out loans and cash for energy-efficient home improvements.
Now feed-in-tariff payments on domestic solar panels will also be cut, lowering payments by £192 a year for the typical household, according to calculations.
The move came after Amber Rudd, energy secretary, said “Government support has driven down the cost of renewable energy significantly” and that renewable energy should “survive without subsidies” due to falling costs.
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