Mandatory Renewable Energy Target Excluding Solar Hot Water?
According to The Australian, there is discussion about the exclusion of solar hot water heaters from the REC (Renewable Energy Certificates) Scheme.
Anyone currently installing a solar hot water system, receives payment (usually as a point of sale discount) for REC’s. The quantity varies depending on the system and location, but price reductions are substantial (between $1,200 and $2,000).
So if the government really goes ahead with this decision, solar hot water will become much more expensive to purchase and take much longer to pay for itself.
No decision until October
However, I just talked to a very friendly and helpful officer from the Office of the Renewable Energy Regulator. He pointed me to the Department of Climate Change, where a short report outlines the review process of the mandatory renewable energy target which is currently happening.
The conclusion: nothing is decided yet (recommendations will not be finalised until October) and the earliest that new regulations come into force is mid 2009.
One of the biggest changes is that the mandatory renewable energy target is supposed to be extended to 2020 and reach 45,000 GWh. That represents 20% of Australia’s energy consumption and would be a good start.
Not quite like the challenge Al Gore put to America: 100% renewable in 10 years, but another step forward.
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Tags: REC, renewable energy certificates