Saturday, May 17, 2008

Solar in Australia

Australia's solar industry is going through layoffs due to changes in the subsidies. A cap was put in if you earned more than $100,000 per year you can't get the subsidy. Solar panel subsidies not smart, says German MP The German MP argued it is better to have solar owners get money back by selling power back to utilities as a way to finance more solar. The problem I see in Australia is by making changes in the subsidies, they are making it riskier for people buying solar. The same thing is happening in the US where the tax breaks for solar have not been renewed.

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