Less than a week after the
shock closure of the feed-in tariff scheme in New South Wales, the Government of Western Australia has cut the subsidy rate for new residential applications submitted after June 30.
The state will also be subject to a cap on installations, putting a halt to progress just one year after the scheme was
introduced. The feed-in tariff rate for new installations will now be cut in half, with applicants receiving AUD$0.20/kWh instead of the AUD$0.40/kWh rate that was introduced in July last year. All existing customers will continue to receive the higher tariff rate for the originally-proposed 10 years.
And furthermore Synergy the local power producer has cut their rebate to 7c per kW although they on charge power at 21.8c per kW (as 25% increase over last years rate)
As I've stated before to even make having a viable system you need at least 3kW production capacity which costs around $8,000 to install.
Go figure with the introduction of the Carbon tax it makes you wonder why the Govt is making it more difficult less attractive for people to invest in alternative energy.