Solar Power: Feed-in Tariffs

Treasury written question – answered on 20th February 2012.

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Photo of Zac Goldsmith Zac Goldsmith Conservative, Richmond Park

To ask the Chancellor of the Exchequer what estimate he has made of potential changes in levels of revenue to the Exchequer arising from the proposed reduction in solar photovoltaic feed-in tariffs.

Photo of Chloe Smith Chloe Smith The Economic Secretary to the Treasury

While there is likely to be some reduction in revenues from the solar sector due to the proposed reduction on solar PV tariffs, this will be offset against the higher electricity costs, and so reduced economic activity and lower tax revenues, that would otherwise result in the rest of the economy.

Raising taxes by transferring money from consumers to those installing solar PV through over generous subsidies is not fair, efficient or sustainable tax policy.

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