New Federal Government – Impact On Solar Industry?

Will The New Federal Government Impact Solar Uptake?

Saturday saw the election of the Liberal Nation party to Government. We will be watching with interest how this will (or will not) impact the solar industry and if any new initiatives will be rolled out as far as renewable energy in Australia is concerned. The much talked about repealing of the ‘Carbon Tax’ is set to be the first move that the newly elected Government will take when parliament re-convenes later in the year. It will be interesting to see if the existing Renewable Energy Targets, which aim to have 20 percent of electricity production sourced from renewable energy sources, like solar power, by the year 2020.

Incentives Or Not – Solar Power Will Remain Strong In The A.C.T.

Residents in Canberra and the A.C.T. have been (by percentage) some of the most active supporters of residential solar panels installation in Australia. As feed in tariffs and Federal Government ‘incentives’ for having solar installed have decreased over the last 2 years, the rate of solar installations has only slowed slightly, as people look to build some protection into their household budgets by minimising the effect of expected electricity price rises into the future. The ‘real cost’ of solar installation has never been cheaper, as the trend in prices for the solar panels and inverters continues to decrease.

We will continue to monitor the ‘political’ side of solar and renewable energy and update readers regularly.

This entry was posted in Solar Power Future In A.C.T.. Bookmark the permalink.

Comments are closed.