FOR IMMEDIATE RELEASE
Solar panel tax rise will dampen clean energy investments
Commenting on Government plans to increase tax on solar panels, Mike Cherry, National Chairman at the Federation of Small Businesses, said:
“Microgeneration provides an opportunity for small businesses to invest in solutions that work for them. It reduces their dependence on a centralised energy grid and helps to meet the UK’s strict carbon reduction targets. However, micro-generators are already being discouraged in the market through a combination of regulatory, policy and practical constraints.
“The inclusion of renewable technology investment in the business rates calculation would further discourage small business investors, many of whom may already have been impacted by recent changes to low carbon subsidies."
As experts in business, FSB offers members a wide range of vital business services, including advice, financial expertise, support and a powerful voice in Government. Its aim is to help smaller businesses achieve their ambitions. More information is available at www.fsb.org.uk. You can follow us on twitter @fsb_policy.
For regional FSB contacts please go to www.fsb.org.uk/regions
The Federation of Small Businesses is the UK's largest campaigning pressure group promoting and protecting the interests of the self-employed and owners of small firms. Formed in 1974, it now has around 200,000 members across 33 regions and 188 branches.
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