27.10.10

State Government slashes feed-in-tariff

The New South Wales Government unexpectedly announced earlier today that it would be drastically cutting the NSW feed in tariff rate paid for new solar power system connections under the Solar Bonus Scheme; from 60c/kWh to 20c/kWh as of midnight tonight.

So, to obtain the 60c feed-in-tariff you need to purchase a system before midnight tonight, then you have 21 days to lodge your feed-in-tariff application with the utility.

Some companies are staying open until midnight to allow last-minute purchasing: http://www.energymatters.com.au/government-rebates/solar-bonus-scheme.php

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