The Queensland State Government has announced that they will be reducing the feed-in tariff rate for solar energy produced from residential houses from 44 cents per kilowatt hour (kwh) to 8 c/kwh. This change to the tariff will occur after the 9 July 2012, but those already receiving the 44c/kwh feed-in tariff will continue as long as you still meet the relevant eligibility criteria.
A State Government factsheet is available at: http://www.cleanenergy.qld.gov.au/demand-side/solar-bonus-scheme.htm
This change will have a significant impact on the amount of income that a house can potentially generate in the future and also reduce the incentives for families to invest in this technology. Hopefully the investment that the residential sector has generated over the last few years will have brought the cost of solar panels to reasonable level and still provide enough incentive for families to continue to think of this renewable source of power as a reasonable alternative to traditional non-renewable sources of power.
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