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Finalising consideration of changing the feed-in tariff

By johnboy - 22 July 2010 13

Simon Corbell is letting us know that he’s still thinking about expanding the feed-in tariff to include medium and large scale generation capacity.

Sadly it’s only for solar and he seems wedded to that.

Why not let people earn a buck from time on an exercise bike?

What’s Your opinion?


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13 Responses to
Finalising consideration of changing the feed-in tariff
alexandrina 10:01 pm 23 Jul 10

The willingness of the current Federal government to leap with glad cries on the few dollars that my solar panels return quarterly [and without a thought to the cost of installing them in the first instance], calls into question their green credentials!!

BimboGeek 11:02 am 23 Jul 10

I have an exercise bike that’s perfect for retrofitting with a coil and re-purposing as a power supply. What do you think I should power off it?

georgesgenitals 10:50 am 23 Jul 10

alexandrina said :

But, if you don’t pay tax [on a pension and without an income from work] you can’t get a refund.

That’s right. If you don’t pay any tax, why would you get a refund?

In reality, though, it’s probably a reasonable thing to exempt the feed in tarriff from taxation, provided it’s offset against a similar energy cost.

In terms of investment, I don’t think putting solar panels on your roof makes financial sense. But that’s not why we do it.

Holden Caulfield 10:04 am 23 Jul 10

I wonder if this is a core promise from Julia, and, if so, whether it will affect ACT GovCo’s position/incentives?

http://twitter.com/JuliaGillard/status/19293423765

alexandrina 9:04 am 23 Jul 10

But, if you don’t pay tax [on a pension and without an income from work] you can’t get a refund.

switch 8:58 am 23 Jul 10
georgesgenitals 7:23 am 23 Jul 10

olfella said :

alexandrina said :

It may be income – but it cost me sixteen and a half thousand dollars [after the rebate] to install!! I was rather bargaining on getting some/most of that back before I shuffle off.

If it is counted as income then wouldn’t you be able to claim the initial outlay maintenance depreciation etc on your tax?

Yep.

alexandrina 9:42 pm 22 Jul 10

As a pensioner I don’t pay tax. And I would have to make it to something like 93 to break even:<)

Alexandrina

olfella 8:56 pm 22 Jul 10

alexandrina said :

It may be income – but it cost me sixteen and a half thousand dollars [after the rebate] to install!! I was rather bargaining on getting some/most of that back before I shuffle off.

If it is counted as income then wouldn’t you be able to claim the initial outlay maintenance depreciation etc on your tax?

Grrrr 7:42 pm 22 Jul 10

Earn a buck from time on an exercise bike?

Perhaps it was a Because someone riding along, working fairly hard would put out 200 watts. Assuming their pedalling can be converted into electricity with 60% efficiency, the getting paid at 45.7c per kilowatt hour that means they would have to pedal for 18 hours to earn one dollar.

alexandrina 6:12 pm 22 Jul 10

It may be income – but it cost me sixteen and a half thousand dollars [after the rebate] to install!! I was rather bargaining on getting some/most of that back before I shuffle off.

georgesgenitals 3:57 pm 22 Jul 10

It really should be being treated as income, because that’s what it is.

Deano 2:31 pm 22 Jul 10

But is he going to do anything about the problem that pensioners have with the feed-in tariff being paid separately and therefore being counted as income by the likes of ATO and Centrelink, instead of as an offset to their power bill like in NSW.

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