Members of the renewable energy industry around Australia are encouraging those considering solar power to sign up before midyear to avoid potential price hikes.
A major review into the impact of clean energy on retail power prices is expected to clear the way for the Government to make significant changes to the Renewable Energy Target (RET). The RET scheme ensures 20 per cent of Australia’s electricity will come from renewable sources, like wind and solar, by 2020.
Unlike European nations looking to increase national targets, the review places the target in jeopardy of being decreased which will impact on solar power subsidies, specifically the Small-scale Renewable Energy Scheme (SRES) which could mean much higher solar power prices for Australians.
No date has been set for the review findings to be announced however, based on previous experience, government decisions on these matters have been announced quickly and often those without a signed contract and installation date have missed the incentives.