Solar bonus scheme suspended after blow outApril 29, 2011 - 2:28PM
The NSW government has suspended the Solar Bonus Scheme due to cost blowouts.
No new applications will be considered while the future viability of the program is considered next week, Energy Minister Chris Hartcher announced today.
Mr Hartcher said the scheme would add an estimated $651 million to the budget deficit over the four years to 2014-15.
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The scheme pays householders for all energy generated by residential solar panels, including what they use themselves as well as what they feed into the grid.
But it ran into trouble last year when the government was forced to slash the feed-in tariff.
Read more: http://www.smh.com.au/national/solar-bonus-scheme-suspended-after-blow-out-20110429-1e02j.html#ixzz1L0KnTf3u