Householders will soon be given greater incentive to embrace cleaner energy while also reducing the cost of their electricity bill.
Energy Minister Peter Collier has announced State Budget funding of $23million to introduce a residential net feed-in tariff scheme, providing a subsidy to householders with new and existing photovoltaic, wind and micro-hydro systems.
The scheme will open for applications from July 1, with payments to be made from August 1.
It will be available for residential installations where the system is owned by the home owner, including tenanted properties.
“The net feed-in tariff scheme has been set at 40 cents per kilowatt hour (kWh) on electricity exported into both the South West Interconnected System (SWIS) and regional grids,” Mr Collier said.
“This is in addition to the price paid under the existing Renewable Energy Buyback Scheme, which will allow householders to receive a minimum of 47c/kWh.
“This provides a genuine incentive for home owners to install renewable energy systems, which not only has a positive impact on the environment but it will also help householders manage their electricity bills.”
