WEDNESDAY 17 JULY, 2013 |
Carbon Tax Relief = More Bucks For Australians To Go Solar
The early move to an emissions trading scheme combined with the household
assistance program staying as is presents an opportunity to use part of the
windfall to create even more savings - by going solar now.
Prime Minister Kevin Rudd says the Federal government's decision to terminate the carbon
tax will help reduce cost of living pressures for families and operational
expenses for small business. The Government will also be maintaining its special
assistance payments given to families and low income earners.
"The modelling from Treasury shows that in the financial year 2014-15 an average family will receive a cost of living relief to the value of $380 per
Prime Minister Rudd
in a press conference in Townsville yesterday.
While the carbon tax does have an impact on electricity prices, it is a bit
player - and shifting to an ETS will still have some impact; albeit even smaller
initially. Other factors such as increasing network costs are the major culprit
behind power price rises.
National solar provider Energy Matters
says the early ETS move and retaining of the Household Assistance Package
provides an opportunity for more families and businesses to not only burn a hole
in their power bills or blow them away altogether by going solar; but to buffer
against possible future electricity price rises that can occur due to a variety
Based on the windfall of $380 a year for the average family mentioned by the
Prime Minister; this equates to $7.30 a week. It may not sound like a great
deal; but it is nearly a third of the weekly repayments on a 3kW solar power
system under a zero-dollar
"save as you go" payment plan Energy Matters is currently
A 3kW system can generate savings of more than $1000 a year; depending on
installation location. This means under Energy Matters' current payment plan
arrangement and even with only a mid-size system, from July 1 next year many
more families could be well ahead from the time a system is installed and generating power.
Even now, 3kW and larger systems under the company's program can offer a
"save as you go" effect.
However, 12 months is a long way off and much can change - for example, a weaker
is exerting upwards pressure on the cost of solar
By going solar now
instead of waiting for the ETS change, households can lock in low system prices
and attractive payment plan arrangements that may not be available next year;
benefiting from solar immediately and ready to take full advantage of the new
carbon pricing arrangement.
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