NSW Government Suspends Solar Bonus Scheme

The end of the Solar Bonus Scheme

If you were thinking of installing solar panels on your roof in NSW in order to take advantage of some of the government incentives for home-based solar power, you’re all out of luck. The NSW government has suspended the Solar Bonus Scheme thanks to the rising costs associated with the popular project.

The energy minister Chris Hartcher today announced that the solar bonus scheme was set to add an estimated $651 million to the state’s budget deficit over the next four years. As such it has been suspended and won’t be accepting new applications, although applications currently in the system will still be processed.

This is a huge blow to the growing number of people considering a solar panel installation in NSW. Considering the amount of talk and effort that the country is trying to put into renewable energy, suspending an incentive program because of its popularity seems like a hugely backwards step.

Whether the solar bonus scheme is closed permanently will be discussed at the government’s solar summit in May. Here’s hoping they don’t decide to kill it off.

by Gizmodo

The Author

I took an interest in the Australian energy sector close to ten years ago and since then have monitored the trends, technologies and direction of the Australian Energy Market. I was drawn to the Australian solar market in 2008 and since then have worked heavily in the field. I am partnered with national and international solar energy companies, from manufacturers of solar panel and inverter technology, online software developers that introduce tools to quote, monitor and manage solar power systems and media organisations who like myself, closely monitor the solar and renewable energy sector.

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