In response to the review of the Renewable Energy Target (RET), the Federal Government’s announcement today has been welcomed by the Australia Solar Council (ASC).
The announcement provides that:
- The 41,000GWh target for the RET will remain in place
- The threshold for the small scale scheme will stay at 100kW, and not be reduced
- The ‘perpetual review’ that a 2 yearly review brings does not make sense and this will be changed to a 4 yearly review
- Deeming will be phased out, starting from 2017
- There will be no change to the clearinghouse arrangements
The ASC believes this review will significantly boost investor confidence and certainty and that “the RET has been an extraordinary success” said John Grimes, Chief Executive of the ASC.
Now, with more than 4 million Australians with solar on their roofs thanks to the RET, more than $20 billion has already been invested in domestic and industrial-scale renewable energy since it was established.
“The ASC is very pleased the Government has reaffirmed its commitment that more than 45,000 gigawatt hours of electricity will be generated by renewable energy sources in 2020. Together with the $10 billion Clean Energy Finance Corporation, this will ensure Australia takes its place as the world leader in big solar”. The ASC now call on the Parliament to continue to support the RET and is also pleased the Government has rejected a proposal to reduce the size of solar systems covered by the Small-scale Renewable Energy Scheme. “This proposal created significant industry uncertainty and was a solution to a non-existent problem”.
“We are disappointed the Government has decided to further reduce support for residential solar from 2017. The cost of the Small-scale Renewable Energy Scheme continues to fall and this change is unnecessary.”
The Australian Solar Council further urges the Government to look again at the accreditation of solar installers. “At present one agency has a legislated monopoly over accreditation which is poor public policy and delivers less than optimal outcomes” said Grimes.