Cost effective and sustainable? Photovoltaic rebate program in Australia

Publisher:
The Institute of Electrical and Electronic Engineers, Inc
Publication Type:
Conference Proceeding
Citation:
International Conference on Management and Service Science, 2009, pp. 1 - 4
Issue Date:
2009-01
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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 income greater than $100,000, nor for developers who produce new houses. Whether the policies are effective and sustainable are 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) rule in a case study. The findings suggest that the government should support installation of solar systems in both households and the developers.
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