Solar power in Britain has been comfortably subsidized for years now, allowing it grow substantially in a short amount of time. Last year, the subsidies stopped. Now, the government plans to enact further change with a new tax policy.
44,000 solar rooftop panels, previously exempt from business taxes, will now face a wall of expenses as the government finally takes its share of profits. This does not bode well for the U.K.’s solar industry, which seems to be extremely sensitive to governmental policy changes – when subsidies were cut last year, the industry lost 12,000 jobs and growth fell 85%.
The solar industry, of course, is outraged at the direction the government is moving. Many are claiming these taxes will undermine all the progress the government has sought after for so long in the renewable energy sphere.
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