SOLAR REBATE SLASHED EARLY
Evolution Solar Australia - Moreton Bay
The Federal Government will phase out the Solar Credits mechanism six months ahead of schedule on 1 January 2013.
The Government says: "Phasing out the multiplier early will strike the appropriate balance between easing upward pressure on electricity prices and supporting households and suppliers who install solar PV. The overall reduction in electricity bills is estimated to be in the order of $80 to $100 million in 2013."
Installation of small-scale systems and solar hot water heaters continues to be supported under the Renewable Energy Target scheme, with solar PV systems benefiting from generous arrangements that provide support for 15 years worth of generation upfront.