Reuters reports that Germany has decided on cuts to solar subsidies for new roof and open-field sites between 16 and 17 percent. The official announcement is planned for next week.
Germans currently pay a 3 percent surcharge on their electricity bills to promote the development of solar energy. Solar production has risen from 1.3 billion kilowatt hours in 2005 to over 5 billion currently.
The solar subsidies decline by more than the 9 percent each year, but last fall the coalition government agreed to a plan to accelerate the decrease. On January 13, German solar manufacturers agreed to an additional 5 percent.
Solar: Report Germany To Cut FIT 16%-17% In April (Barron's Tech Trader Daily)
German Solar Industry Seeks Quick End to State Subsidy Dispute (Bloomberg)
Subsidies for German solar industry to shrink more quickly than intended (Deutsche Welle)
Solar industry prepares for German tariff blow (BusinessGreen.com)