Energy experts fear that the government's rumoured plans to cut subsides for solar energy could destroy the industry before it is capable of becoming self sufficient. Last week a cabinet minister had told the BBC that the government has planned a big reset towards green subsides. However analysts simply say they are not ready as fuel costs remain around £30/year cheaper than solar energy costs; they do however believe becoming self reliant is realistic by around 2020. The Solar Trade Association said"You have to be realistic about the economics and about the point at which you really are at cost competitiveness and the reality is we are not there yet. A cabinet source revealed to the BBC that the government view had hardened further towards green subsidies and a “big reset” was coming. We are very close, about three quarters of the way there.
Energy experts fear that the government's rumoured plans to cut subsides for solar energy could destroy the industry before it is capable of becoming self sufficient. Last week a cabinet minister had told the BBC that the government has planned a big reset towards green subsides. However analysts simply say they are not ready as fuel costs remain around £30/year cheaper than solar energy costs; they do however believe becoming self reliant is realistic by around 2020. The Solar Trade Association said"You have to be realistic about the economics and about the point at which you really are at cost competitiveness and the reality is we are not there yet. We are very close, about three quarters of the way there.