Greens Energy spokesperson Shane Rattenbury is voicing his worries that the solar feed-in tariff is about to become over-subscribed leading to doom and destruction:
“Figures revealed in Estimates hearings show that within weeks Canberrans may no longer be able to obtain the Feed in Tariff,” said Shane Rattenbury.
“The Minister urgently needs to reveal how the Government intends to address this.”
Earlier this year, the Feed in Tariff (FIT) legislation was amended to place a limit of 15 megawatts (MW) of installed capacity on micro systems (generally household rooftop systems). In Estimates, the Minister revealed at least 9.5 MW was already installed, and at least 400 new applications are being received a week. At a conservative estimate, that means 700-800kilowatts a week being installed, which could see the cap reached in 7-8 weeks.
“Some in the industry are already speculating that the cap has been reached based on current orders.”
“The Minister urgently needs to inform Canberra consumers and installers what is going to happen when the cap is reached, and what will happen to those customers who place an order and then find they are not eligible to receive the FIT.”
“The Greens have argued that the cap will see the industry hit a brickwall, and we fear that is about to eventuate – perhaps even sooner than most people expected.”