Environmental News

Govt to phase out solar subsidies early

Admin Keep Queensland Beautiful - Tuesday, November 20, 2012

The federal government will wind back its subsidies for solar electricity panels earlier than expected because high take-up is pushing up power prices.

Climate Change Minister Greg Combet says this could reduce power bills by up to $100 million next year.

He said there was still high demand for solar photovoltaic (PV) systems, so the federal government would phase out its Solar Credits mechanism six months early, on January 1, 2013.

Read more: http://www.theaustralian.com.au/news/breaking-news/govt-to-phase-out-solar-subsidies-early/story-fn3dxiwe-1226518276428