FRIDAY 16 NOVEMBER, 2012 |
NEWSFLASH - Solar Credits Subsidy Slashed Prematurely
Households and small businesses considering installing solar panels will need to
order their systems very soon. The Federal Government has announced it is
totally phasing out the Solar Credits multiplier 6 months early - meaning the
subsidy will be reduced by 50%.
According to national solar provider Energy
, it's the company's understanding eligible households and businesses
will still be entitled to the current 2x Solar Credits
multiplier in the following circumstances:
• Where a contract to purchase was entered into before today – installation must occur before June 30, 2013.
• Where a contract is entered into today or later - they system must be installed before 1 January 2013.
The very unwelcome news will no doubt trigger a rush, as has always been the
case when similar announcements have
been made in the past relating to solar subsidies.
With the end of the year rapidly approaching and many installers taking a break
over the Christmas period, installation appointment slots will become very
scarce, very quickly.
In order to help as many households as possible acquire a rooftop solar panel
array, Energy Matters is running a series of solar
power system specials
and has announced it will be providing a price guarantee
for a very limited time.
Households wanting to seize the opportunity to go solar at the current subsidy
level can call the Energy Matters team on 1300 727 151 or secure a system with a
deposit using the company's online
. The Energy Matters 1300 727 151 solar hotline operating
hours have also been extended to include Saturdays (10am - 4pm).
The Australian Solar Council has slammed the Australian Government's decision to
bring the date so far forward and with so little notice.
"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 John Grimes, Chief Executive of the Australian Solar Council.
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