Newspaper article Daily Examiner (Grafton, Australia)

MAD RUSH FOR SOLAR Sun Sets on 60c Solar Rebate; Cut in 60c Tariff Sparks Midnight Buying Frenzy

Newspaper article Daily Examiner (Grafton, Australia)

MAD RUSH FOR SOLAR Sun Sets on 60c Solar Rebate; Cut in 60c Tariff Sparks Midnight Buying Frenzy

Article excerpt

Byline: DOMINICZIETSCH dominic.zietsch@dailyexaminer.com.au

CLARENCE Valley solar equipment retailers were inundated with new orders for return-to-grid solar power systems on Wednesday night to avoid missing out on the 60 cents per kilowatt hour (kWh) feed-in tariff, which has been slashed to 20 cents.

NSW Premier Kristina Keneally announced the reduction to the tariff, offered to customers feeding solar power back into the grid, which came into effective as of midnight Wednesday.

Existing members of the NSW Solar Bonus Scheme already generating solar power or anyone who had financially committed to a return-to-grid solar system before the deadline will still receive the original 60 cents per kWh until 2016, but the new 20 cent rate will apply to any new customers who came on board after the deadline.

Ms Keneally said the scheme had been incredibly successful since its introduction earlier this year but the greater-than-expected take-up rate was putting pressure on electricity prices.

"The changes we introduce today strike a better balance between keeping down electricity costs for consumers, while still supporting renewable energy generation," Ms Keneally said on Wednesday.

"What we are doing today is slowing down the scheme in order to stop any further impact on electricity prices."

The Premier's announcement spurred into action many people who had been unsure about committing to the purchase of a return-to-grid system, with solar equipment retailers in Grafton taking orders for solar power systems as late as 11.30pm on Wednesday night.

Vickie Harper, office manager at the Solar Shop in South Grafton, said the business had remained open until midnight to meet the demand.

"We were really amazed by the interest; people wanting to get on-board before the rate drop," Ms Harper said. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.