Australia to begin phasing out household solar credits early

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Greg Combet said the amendments, which will come into effect next July 1, will ensure households continue to contribute to the cost of installing solar systems, while pressure on electricity prices is eased.

"The cost to install solar panels has reduced substantially since the Solar Credits mechanism was first announced in December 2008, driven by a strong economy, a high dollar and falling technology costs," explained Combet. "In this time, demand for solar installations has also increased rapidly, as the out-of-pocket cost to households has dropped and generous State and Territory feed-in tariffs have provided additional support to households." Consequently, the phase out of the Solar Credits multiplier will be brought forward by one year, from:

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