Australian Solar Multiplier Ends Early – January 2013

The Australian Government recently announced plans to abolish the solar multiplier on the 1st of January 2013, six months ahead of schedule.

The Australian Solar Council has said the government’s quick removal of the solar multiplier is both unnecessary and poorly timed.

John Grimes, Chief Executive of the Australian Solar Council says that demand for solar has dropped recently – in part to a decrease in Federal Government support in solar and State Government feed-in tariffs being reduced.

“This is a knee-jerk reaction to a non-existent problem and a pre-emptive strike on Australian families who want to install solar and cut their power bills,” said Mr Grimes.

“ASC research has shown that it will be the mortgage belt families, those weighed down by already soaring electricity prices which will be hardest hit.”

The decision pre-emptively the Review of the Renewable Energy Target and undermines the Reviews integrity as well as that of the solar industry.

“The solar industry is already facing great uncertainty from the Review of the Renewable Energy Target and this recent announcement will only hurt the solar industry and Australian families,” said Mr Grimes.

The ASC research also showed evidence that the Small-scale Renewable Energy Scheme had peaked and will fall to less than 1.5 per cent of household power bills over the coming few years.

Click here to get your 3 Solar Quotes before the STC Multiplier Ends!

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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