Good News – Tax Breaks for PV Solar Installations
In Alistair Darling’s Pre-Budget speech, it was agreed that plans for payments to homes for all the electricity they produce from small scale renewable energy schemes will be tax free - this extends a welcome existing tax-break to the new scheme. Thanks to Friends of the Earth for this information.
The official estimate is that homeowners will save about £180 a year, on top of the money received from feed-in tariffs. The new tariff has not yet been confirmed, but is still expected to be 36.5p from April 2010 for every unit of solar electricity generated. We should hear from the Chancellor soon and then no doubt the rush for Solar Installations will begin.
