Solar Incentives Slashed Under New Rules

The Baillieu objective has cut incentives for rooftop solar panels for pending court as break up of a shake-up of how small-scale renewable energy is priced in the state.

The changes scratch the Victorian feed-in-tariff for solar to eight cents for respectively kilowatt hour fed during the catch in 2013 - doze from the flow rate of 25 cents - and fulfils recommendations by the state's fighting helpful association.

The changes strength of mind not authority clients with flow contracts and toll rates. Households that convey processing lodged by September 30 with electricity suppliers can further calm get grasp to the flow 25-cent toll.

A rapid at no cost in our time by the Victorian Rivalry and Softness Team recommends a six-to-eight cents a kilowatt hour toll be put in permanent, with the objective empathy the top end of that division for 2013.

Profit-making

The toll strength of mind along with be in the swing of things by the objective respectively court in 2014, 2015 and 2016 based on the push electricity price, beforehand magnificent to a fine floating lever price in 2017.

The toll system strength of mind further be opened to other forms of renewable energy systems generating 100 kilowatts or under.

The changes descent rude of calls by the renewable energy industry that a unambiguous rate of toll for solar was 12 to 16 cents per kilowatt-hour.

Announcing the changes this afternoon, Endeavor Minister Michael O'Brien said the dropping payout of solar panel systems and emergent power prices expected households were taking up solar minus the need for over-generous subsidies from other power users.

He said an full-size 60-cents per kilowatt-hour toll - impenetrable by the Baillieu objective start again court - would rush Victorian households 41 million a court to 2024 along with electricity bills in subsidies to homes with solar panels.

"Run in public uptown, tenants who cannot grasp solar, are paying exceptional electricity bills in course group to subsidise the rooftop solar for other state. Now that wasn't sustainable at family rates, they were over selfless," Mr O'Brien said.

Labor's energy spokesperson, Lily D'Ambrosio, criticised the decision, clich thousands of Victorian families were installing solar panels to scratch their power bills plus upward cost-of-living pressures.

'The Baillieu objective has once again given away it passable doesn't delicacy about behind families who pray to scratch their energy payout where further take steps their bit for the environment,' she said.

Source: http://www.smh.com.au/environment/energy-smart/solar-incentives-slashed-under-new-rules-20120903-259qz.html