The Western Australian Government has announced changes to the residential net feed-in tariff scheme following a review by the Office of Energy.
A new rate of 20 cents per kilowatt hour (kWh) will apply to all applications received from 1 July 2011. As with the original scheme, system owners will receive payments for 10 years.
Taking into account the new rate and the recent change in the Federal Government’s Solar Credits program, the Office of Energy forecasts that most residents will be able to pay off their renewable energy systems well within the 10-year payment period, as originally intended.
The State Government has also announced that the scheme will close when the total capacity of renewable energy systems installed under the feed-in tariff scheme reaches 150 megawatts (MW). To date, almost 70MW of capacity have been accepted into the scheme.