Posted: 15 Nov 2012 08:11 PM PST
Big news today is the very disappointing announcement by Minister Combet to bring forward the reduction of the Solar Multiplier by 6 months to January 1st 2013.
It appears that the minister has collapsed under the relentless political pressure to “do something” about the price of electricity and yet again, has targeted the lowest common denominator – the PV industry.
For those customers WITHOUT any contract up until 16th November 2012:
§ To get a 2X multiplier the system must be INSTALLED prior to December 31st 2012 and you must meet the Clean Energy Regulators definition of “electrical completion” and all other eligibility requirements
§ This means you can still take orders at the 2X rate but BE WARNED; if you miss the date or fail to meet ALL requirements, you will move to the 1 x rate.
§ Obviously you will need to meet all other eligibility requirements
For those customers WITH a contract agreed to prior to 16th November 2012
§ To get a 2X multiplier the system must be INSTALLED prior to June 30th 2013 and you must meet the Clean Energy Regulators definition of “electrical completion”
Any sales or agreements after January 1st 2013 will obviously ALL be at the new 1 X multiplier.