Why Did IKEA Stop Selling Solar Panels in the UK?
Many homeowners in the UK were disappointed when IKEA announced that they would no longer be selling solar panels in the country. As one of the biggest names in furniture and homeware, IKEA’s entrance into the renewable energy market had brought solar panels to the attention of many who may not have considered them before. However, their departure doesn’t mean that solar is no longer an option for homeowners – several trusted solar panel companies offer reliable alternatives to fit all budgets and needs.
The End of The Feed-In-Tariff
IKEA’s decision to move away from the solar panel market in the UK coincided with the end of the Feed-in Tariff (FIT). This was a government scheme that paid owners of solar panels for any excess energy they generated and fed back into the grid. Many of IKEA’s customers were interested in earning money from solar panels, and the company announced that they felt the payoff from solar panels post-FIT was less valuable.
