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Solar Credits Multiplier Reduction as of 1st July 2012 – All small scale retail electricity consumers qualify for Solar Credits including businesses

The current Australian Federal Government program is called solar credits and this program has been made available to assist with the upfront cost of installing a solar power system.

The solar credits multiplier was reduced from the 3 x time’s multiplier to a 2 x time’s multiplier on 1st July 2012. This reduced the rebate for most systems by a third. Solar panels and equipment prices have dropped significantly in recent months which has counter acted the reduction in the solar credit rebates. A solar power system is still affordable for most homes and is a sound investment with payment times of around 3-4 years. So if you are thinking about installing a solar power system on your home or business contact GES now.

The solar credits program is not means tested so all small scale retail electricity consumers qualify for the program from businesses through to residential and rental properties. The program now allows all Australians to participate no matter how much you earn which is a step in the right direction. The solar credits program is welcome news and will allow everyone to participate in reducing their green house gas emissions by installing a solar system.

With the Federal Government’s renewable energy target of 20% by the year 2020 as well as the introduction of the carbon tax on 1st July 2012 it is inevitable that electricity prices will rise considerably in the coming years. By installing solar today you can take advantage of getting free power from the sun as well and protect yourself against these rising electricity costs.

Contact GES today for an obligation free quote and go solar! Contact Us

Visit http://ret.cleanenergyregulator.gov.au for further detail details about solar credits. Visit http://www.industry.nsw.gov.au/energy/sustainable/renewable/solar/solar-scheme for further details about the NSW State Government feed in Tariff.



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