The 2012 Budget and how it will impact the solar industry

The Australian Solar Energy Society has reviewed and summarised the 2012 Budget as to how it will impact the solar industry

What the Federal Budget Means for Solar

The 2012-13 Federal Budget continues to provide the foundations for Australia’s clean energy future.

Importantly, the Clean Energy Future package will be implemented as promised and as announced in July 2012.  If fully implemented, this will supercharge solar through a combination of a carbon price, renewable energy target and Clean Energy Finance Corporation.

On the down side, the Australian Solar Energy Society is concerned the Government’s decision to prematurely close the solar hot water rebate to new customers has not been addressed.  This decision caused serious problems for the solar hot water industry, and left customers confused.  There is some concern that the Budget will fail to stem job losses in the solar hot water industry, and we will raise this as a matter of urgency with the Government.

Other key developments include:
  • The Department of Climate Change and Energy Efficiency has had a budget cut of $15.2 million;
  • The $405 million accelerated depreciation for green buildings has been axed.
  • $60 million has been provided for national greenhouse and energy minimum standards (harmonising the current patchwork approach)
At first glance, there don’t appear to be any changes to Solar Flagships or other programs in the Australian Renewable Energy Agency (ARENA), although these funds are now difficult to track.

For more information please visit the Australian Solar Energy Society website.
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