WEDNESDAY 29 FEBRUARY, 2012 |
Sudden Death For Australian Solar Hot Water System Rebate
The Parliamentary Secretary for Climate Change and Energy Efficiency, Mark Dreyfus,
has announced the closure of the Renewable Energy Bonus Scheme.
The Federal scheme provided rebates of $1,000 to install a solar hot water system
or $600 to install a
heat pump hot water
The systems must have been installed, ordered (and a deposit paid) or purchased on or before
28 February 2012
. Applications lodged up to 30 June 2012 will continue to be
processed, but those received after 30 June 2012 will not be eligible.
Solar and heat pump hot water systems will still be eligible for Small-scale Technology Certificates
(STCs), which are usually exchanged with retailers for a point-of-sale discount
Australian Greens Deputy Leader, Senator Christine Milne, said the scheme was
due to be phased out in June and while the solar industry has been calling for
an extension; it was cancelled Tuesday, February 28 at 5pm, with a media release
sent out afterwards.
"This decision demonstrates that the government hasn't learned the lessons of the stop-start rooftop solar schemes, the Green Loans debacle and so many other examples through the Gillard, Rudd and Howard
years," stated Senator Milne.
"The solar hot water industry has invested quite reasonably in stock, parts and production schedules going forward. This decision treats all those investments with contempt."
Senator Milne believes the government should extend support for the Australian
solar hot water industry, saying it is "producing one of the cheapest emissions reducing technologies and exporting it to the world."
According to the release announcing the closure issued by the Minister's office,
which provided no reason for its early end, $320 million was provided under the Renewable Energy Bonus Scheme to
assist more than 250,000 Australian households replace older, more emissions
intensive hot water systems.
Electric and gas hot water systems account for approximately 20% of a household's greenhouse gas emissions.
By installing a solar water system, household not only slash related carbon
emissions, but can also save up to 75% on water heating costs.
Another solar incentive to be reduced soon is the Solar
solar panel systems
. The rebate will be slashed by 33% - assuming it doesn't fall
victim to other sudden changes, a scenario that has been all too common in
Other news for Wednesday 29 February, 2012
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