Cost effective and sustainable? Photovoltaic (PV) rebate program in Australia
- Publication Type:
- Conference Proceeding
- Proceedings - International Conference on Management and Service Science, MASS 2009, 2009
- Issue Date:
The Australian Government has recently announced a Renewable Energy Target (RET) scheme to provide up front payments of $8,000 for around 25,250 households of income less than $100,000 per year installing a 150 watt solar panel system starting on 01 July 2009 using $202 million taxpayers' money. The scheme has not included households' with incomes greater than $100,000, nor developers who produce new houses. Whether the policies are effective and sustainable is arguable. This paper examines policies designed to encourage households to install solar panel system in Australia and demonstrates reasons for supporting developers to build green houses using Net Present Value (NPV) analysis in a case study. The findings suggest that the government should support installation of solar systems by both households and the developers. ©2009 IEEE.
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