The Federation of Small Businesses (FSB) has called on the government to act over the proposed solar business rate increase, arguing it could act as a “huge disincentive” for SMEs to invest in the technology.
More than 160 NGOs, public institutions and businesses – including major brands such as Sainsbury’s and IKEA – have come out in support of solar over proposed increases to rateable values.
With Labour now ramping up the pressure over the controversial increase to commercial PV business rates, new chancellor Philip Hammond has the perfect opportunity to build bridges.
The Solar Trade Association (STA) has issued a call to arms for the UK solar industry to challenge a proposed increase in business rates which could dramatically impact on commercial rooftop PV.
The review of business rates attached to solar PV installations could shift interest towards power purchase agreement models significantly, but crucial details are still required by the industry.
The economic viability of commercial rooftop solar installations could be severely damaged next year under plans to increase business rates taxes by up to eight times the current levels following a re-evaluation of how these assets are valued.
