The United States does not have a home solar incentive near as good as Australia. For the last 8 years, Republicans have blocked solar incentives at the request of big oil. It is sad that the United States is who invented solar panels and yet we have lost our first advantage and continue to fall further behind the world.
Big news for the home solar industry in Australia.
A $7,000 discount will be given to anyone who installs a 1.5 kW (9 panel) solar system thanks to the Australian passed legislation called RET (Renewable Energy Target).
Originally, there were two components to this bill: the RET and the ETS (Emissions Trading). There was lots of fighting over the ETS component and so law makers split the RET and the ETS components into two separate bills so that they could pass the RET portion while they continue to fight over the ETS.
The home solar discount of $7,000 is for grid connected homes and buildings only. The home can be a rental home, a principal place of residence, a vacation home or a commercial building. The rebate threshold in earlier bills of a household taxable income of $100,000 has been removed.
The home solar credits scheme is ingenious in that it assigns a value of 500% the market value of what are know as RECs or Renewable Energy Certificates.
RECs started in Australia in December 2001, and are designed to place a monetary value on the displacement of greenhouse gases. One REC is equivalent to approximately one mega Watt hour of electricity produced, or about one ton of abated greenhouse emissions. They provide financial incentive to place less reliance on the burning of fossil fuel.
There are about 30 Renewable Energy Certificates attached to a 1.5kW solar energy installation but this depends on where you live and how many hours of sunlight you receive. The actual monetary value of a Renewable Energy Certificate is about $36. This equals a value of $1,080. With the new home solar program, you multiply this by 500% to get a total savings of $5,400.
Home solar credits will be applied to the first 1.5kW of solar panels installed. If a solar power system is over 1.5Kw, then customers will receive the normal 1:1 rate of Renewable Energy Certificates. Home solar credits are issued by the Office of Renewable Energy Regulator. Customers can choose whether to use the discount upfront to lower the cost of the solar energy installation or hold on to them like a stock in hopes of rising in value.
Now why can not something like this be done in the United States of America were solar panels were first invented. I guess in America it is all about money and the big oil and energy companies do not want you producing your own energy, even if it is better for the environment. They would rather destroy all life on the planet rather than lose you as a paying energy customer.
Big news for the home solar industry in Australia.
A $7,000 discount will be given to anyone who installs a 1.5 kW (9 panel) solar system thanks to the Australian passed legislation called RET (Renewable Energy Target).
Originally, there were two components to this bill: the RET and the ETS (Emissions Trading). There was lots of fighting over the ETS component and so law makers split the RET and the ETS components into two separate bills so that they could pass the RET portion while they continue to fight over the ETS.
The home solar discount of $7,000 is for grid connected homes and buildings only. The home can be a rental home, a principal place of residence, a vacation home or a commercial building. The rebate threshold in earlier bills of a household taxable income of $100,000 has been removed.
The home solar credits scheme is ingenious in that it assigns a value of 500% the market value of what are know as RECs or Renewable Energy Certificates.
RECs started in Australia in December 2001, and are designed to place a monetary value on the displacement of greenhouse gases. One REC is equivalent to approximately one mega Watt hour of electricity produced, or about one ton of abated greenhouse emissions. They provide financial incentive to place less reliance on the burning of fossil fuel.
There are about 30 Renewable Energy Certificates attached to a 1.5kW solar energy installation but this depends on where you live and how many hours of sunlight you receive. The actual monetary value of a Renewable Energy Certificate is about $36. This equals a value of $1,080. With the new home solar program, you multiply this by 500% to get a total savings of $5,400.
Home solar credits will be applied to the first 1.5kW of solar panels installed. If a solar power system is over 1.5Kw, then customers will receive the normal 1:1 rate of Renewable Energy Certificates. Home solar credits are issued by the Office of Renewable Energy Regulator. Customers can choose whether to use the discount upfront to lower the cost of the solar energy installation or hold on to them like a stock in hopes of rising in value.
Now why can not something like this be done in the United States of America were solar panels were first invented. I guess in America it is all about money and the big oil and energy companies do not want you producing your own energy, even if it is better for the environment. They would rather destroy all life on the planet rather than lose you as a paying energy customer.
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