Costs are $9 billion more than benefits and will be paid by those who didn't install the cost ineffective solar panels. Sounds like Australia needs a political revolution.
The cost of installing and maintaining more than one million
household solar power systems has outweighed their benefit by more than
$9 billion, a new report has found.
And by the time generous
federal and state government subsidies run out, households without solar
will have subsidised those that have made the switch to the tune of $14
billion.
The Grattan Institute report, to be published Monday,
says government incentives and rebates that have encouraged the uptake
of household solar have "created a policy mess that should never be
repeated".
It argues Australia could have reduced greenhouse gas
emissions for much less money if governments had focused more on
commercial and large-scale solar power, instead of household subsidies.
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