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 Poetic justice: Thousands to lose bonus in OZschwitz rethink on solar panels

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RR Phantom

RR Phantom

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Poetic justice: Thousands to lose bonus in OZschwitz rethink on solar panels Vide
PostSubject: Poetic justice: Thousands to lose bonus in OZschwitz rethink on solar panels    Poetic justice: Thousands to lose bonus in OZschwitz rethink on solar panels Icon_minitimeSun May 01, 2011 3:22 am
THE state government has suspended applications under the $1.9 billion solar bonus scheme following a blow-out in the cost.

This means tens of thousands of people who had been expecting to get a tariff of 60¢ per kilowatt generated by solar panels on their homes may now get only 20¢, leaving them barely able to cover their installation costs.

The move, from midnight on Thursday, came as data obtained from the Department of Industry and Investment showed applications totalling 350 megawatts, equal to a mid-sized power station, had been received under the scheme by April 8.

All applications once the scheme tops 300 megawatts will be denied the 60¢ tariff. More than 150,000 applications have been received, and yesterday's announcement means all further applications, even for the lower 20¢ tariff, have been suspended.

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Poetic justice: Thousands to lose bonus in OZschwitz rethink on solar panels

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