Rumour has is that the total cost for the Governments failed attempt to re-instate the illegal cuts to the Solar PV feed-in-tariff could amount to £700M. The Supreme Court dismissed the Government appeal in March 2012.
Given the 2010/11 budget for the entire FITs scheme was only £867M this appears to be a massively expensive “own goal”.
In the meantime many installers are reporting a 95% drop in installations since the start of April.
For a fraction of the £850bn spent on bailing out the banks, free solar panels could have been installed on every suitable household roof in the country. This would have done away with the need for the solar pv feed-in-tariff and created tens of thousands of jobs in the process.