Tuesday, June 7, 2011

NSW Solar Scheme Stabalised

A few weeks ago we blogged about the Solar Rally taking place in New South Wales to demonstrate against the Government's decision to retrospectively change the feed in tariff rate for 120,000 NSW households from 60c per kW/h to 40c per kW/h.

It seems that the efforts of the Australian Solar Energy Society and its supporters have paid off - these plans have now been dropped by NSW Premier Barry O'Farrell after failing to get the backing he needed to pass the law, and after an audit showed the cost of the solar scheme to be lower than originally forecast.

This is fantastic news for supporters of the solar industry. In fact it means 40,000 planned solar installs that were previously hanging in the balance can now proceed and those who signed up to support green energy and have these panels installed will not lose out. Many participants in the solar scheme had borrowed money to buy their solar panels and risked losing thousands of dollars if the feed-in tariff was cut.

The campaign doesn't stop here, however. Solar supporters are now urging the NSW government to put in a fair price going forward for electricity produced by solar panels.

The industry remains in crisis with one of Australia's largest solar panel retailers, Clear Solar, going into receivership this week and more predicted to follow.

Today The Age warned of rising power prices as electricity retailers are required to increase their contribution to the solar scheme.

One thing is for certain, solar will remain a hot topic as the future of the scheme is debated in the weeks to come.

To maximise the return on your solar panels invest in a Solar Monitoring Kit from SmartNow. You will receive an EnviR Home Energy Monitor and everything you need to monitor the energy consumption of your home and the generation of your solar panels. To learn more visit www.smartnow.com.au.