WEDNESDAY 12 JUNE, 2013 |
NEWSFLASH - ACT Solar Feed In Tariff To Be Slashed
Households in Canberra and the ACT considering going solar need to take action
now - the Territory's feed in tariff is about to be kneecapped for new
Following what has become an unfortunate tradition in Australia, the current
generous 1:1 feed in tariff paid by ActewAGL for new connections in the ACT will
be changed on July 1, 2013 to a net tariff paid at a rate of 7.5c per kWh for
surplus electricity exported to the mains grid.
This is a substantial decrease that will have a significant effect on the
payback time of a system.
To qualify for the existing gross metering and ActewAGL's existing solar buyback tariff, a
special connection request form must be received by ActewAGL Distribution prior to close of business
on 30 June 2013.
For existing solar generators and those beating the deadline, ActewAGL will continue to honour the
1:1 arrangement until 30 June 2020.
National solar provider Energy Matters
is currently offering ACT residents special
on solar panel systems and will assist households with submitting the
necessary paperwork on time - however, with a rush expected; Energy Matters
urges immediate action.
The company can be contacted on 133-SUN (133 786). A system can also be secured
via Energy Matters' online
To assist more households in going solar, the company is also currently offering
payment plan option.
According to Energy Matters, a 4kW solar power system installed
can return financial benefits of approximately $1,050 annually
under current arrangements. The estimate is based on an average 17c per kilowatt
hour electricity price.
Among ActewAGL's reasons for the cut is "the cost of solar systems has reduced significantly over recent years and it has subsequently become more commercially viable for households to generate solar electricity without any subsidies."
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