MONDAY 09 JULY, 2012 |
Queensland's 'Mad Monday' - Solar Bonus Scheme Deadline At Midnight
Solar companies throughout Queensland are expecting a massive day as Queenslanders race to secure a system before the midnight solar feed in tariff application deadline.
Queensland currently has the most generous solar
feed in tariff
in Australia; paying 44c per kilowatt hour for surplus
electricity exported to the mains grid. For those who submit applications after
midnight tonight though, the incentive rate will plummet to just 8c per
kilowatt hour, plus a 6 - 8c per kilowatt hour contribution by electricity
Households missing the Solar Bonus Scheme deadline could miss out on up to
$20,000 in lost financial benefits over the life of a system.
' team manned the
phones over the weekend and were kept very busy arranging system installations
and incentive paperwork, particularly after the company launched a $1
deposit solar power deal
for Queenslanders; which ends 10pm tonight.
Energy Matters is expecting to be even busier today as households leaving the
decision to go solar until the last minute rush to secure the more generous
solar feed in tariff arrangement.
Energy Matters says its 1300 727 151 hotline will remain open until 10pm tonight, but recommends people wanting to secure a system call as early as
possible. The company also advises customers should have their NMI
number on hand to assist the company's team in expediting feed in tariff
application preparation and submission. NMI stands for National Meter Identifier
number - it can be found on any electricity bill.
Monday may be the final feast before a famine for some in Queensland's solar
industry. It's expected the lead up to the deadline will see enough work
scheduled to last installers for a few months, but after that the situation is
unclear. While the reduced feed in tariff rate will still make solar power a
solid investment for Queenslanders unable to secure a system prior to the cut,
payback time on a solar panel system will be substantially extended.
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