Britain’s solar boom is over after ministers announced they would offer virtually no subsidies for people to install panels on their homes.
In a surprise move, ministers on Thursday said that they plan to slash the amount of money given to families who put solar panels on their homes.
Under the new proposals, the amount paid to homeowners under the “feed-in tariff” from next year will fall by nearly 90 per cent.
The annual cost of the scheme is now estimated to be in excess of £800 million a year - almost twice the level ministers originally anticipated, as a result of the early boom.
Critics say the scheme, which was heavily pushed by energy firms, enables wealthy families to rake in subsidies paid for by many who are already struggling with their energy bills.
