Despite subsidy cut and a VAT hike, Solar energy is still effective, quotes trade body

Source: The Guardian

The Guardian state that the Trade body industry says ”solar panel installation is still attractive for consumers, but average payback period will almost double.”

The Guardian further this, to state ”the cost of solar panels could soon go up by as much as £900 for the average home, after the government said they should no longer qualify for a lower rate of VAT, because of EU state aid rules.”

Whats’s your view on this? Is the installation of solar panels still effective for households, despite rise in costs? Do they save more money for owners to consider them effective? Will the rise on solar panel costs effect sales and efficiency of them at all overtime? Is it fair to raise solar costs for owners of solar energy?

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