The financially challenged NSW Government surprised the solar industry by announcing on Tuesday it was increasing its proposed Feed in Tariff (FiT) from $0.44 to $0.60 per kilowatt hour of electricity fed back into the grid. This is approximately four times the rate charged for power (i.e. buy for $0.14 from the grid but sell back for $0.60). The FiT commences in January. (If the Liberals win in NSW they will pay a gross FiT, being payment at $0.60 for all electricity generated, including what you consume yourself).
NSW has also opened the FiT to community centres that use less than 160 megawatt hours per year the equivalent of the consumption of 14 normal houses – which cover most village centres. The forthcoming Federal Government Solar Credits will subsidise the installing of community facility solar panels. Victoria also offers a $0.60 FiT but not for community centres. SA and QLD offer just $0.44.