|The Australian Government has today announced that it will abolish the solar multiplier, cutting the rate from 2 times to no multiplier, on the 1st of January 2013, six months ahead of schedule.The Australian Solar Council – the national voice of Australia’s solar industry – has slammed the Australian Government’s decision to fast-track the phase-out of support for household solar as unnecessary and badly timed.
“Demand for household solar has fallen sharply since the Australian Government reduced support for solar on 1 July 2012, and State Governments wound back feed in tariffs, and there are no indications demand would have picked up in the near future”, said John Grimes, Chief Executive of the Australian Solar Council.
“This is a knee-jerk reaction to a non-existent problem and a pre-emptive strike on Australian families who want to install solar to cut their power bills”, said
“Australian Solar Council research shows mortgage belt families, weighed under by soaring power bills, will be hardest hit by today’s announcement.”
“The Government’s decision pre-empts the Review of the Renewable Energy Target, which is currently underway, and casts a dark shadow over the solar industry. Minister Combet’s announcement pulls a rug out from under the integrity of the Review of the Renewable Energy Target.”
“The solar industry is already facing great uncertainty from the Review of the Renewable Energy Target – which has foreshadowed even greater cuts to solar funding – and today’s announcement will only hurt the solar industry and Australian families suffering from soaring power bills.
Research has shown the cost of the Small-scale Renewable Energy Scheme has peaked, and will fall to less than 1.5% of household power bills within a couple of years.
Meanwhile more than 4 million solar Australian’s have invested their own money in building renewable and low cost power systems on their roofs to cut their power bills.
Australian Solar Council