Will the spending review affect feed-in tariffs?

Homeowners will be eagerly awaiting news of whether or not the government's comprehensive spending review will bring with it cuts to the feed-in tariff.

Chancellor George Osborne will announce details of any spending cuts to government departments tomorrow (October 20th).

Among the cuts could be reduced funds for the scheme, which was introduced in April this year.
Consumers who buy solar panels can sell their excess energy back to the grid in return for payment from the government.

Farmers in particular have found this to be a lucrative prospect, using their lands for large-scale solar operations, the BBC reported.

Michael Eavis, owner of Worthy Farm and host of music festival Glastonbury, has created the UK's largest agricultural solar array, which will too benefit from the tariff.

He told the news source that he will make his return after about ten years.
However, if the tariff is cut, there could be less of a demand for the technology.
Ray Noble from the Renewable Energy Association told the BBC: "If they touch the feed-in tariff, you can forget about private sector funding for renewables."

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