Small Scale Renewable Energy Scheme Saved
In a major victory for rooftop solar, the Morrison Government commits to SRES to 2030
In an energy announcement this week, Energy Minister Angus Angus Taylor, has declined to abandon the Small-scale Renewable Energy Scheme (SRES). The scheme creates financial incentives such as feed-in tariffs for individuals and small businesses to install solar power.
“There’s no plan to change the SRES,” Taylor told The Guardian. “The SRES and the large-scale renewable energy target are around until 2030. They fade between now and 2030, there’s decline as technology continues to improve. That’s our position.”
Relief From Rising Energy Prices
With energy prices continuing to soar across Australia, more and more Australians have turned to rooftop solar for relief from their electricity bills. Energy prices have risen 40% over the last decade.
The SRES is designed to make solar more affordable for consumers and has been working. Under the SRES, installation costs for solar panels fell from around A$18,000 for a 1.5kW system in 2007, to around A$5,000 for a 3kW system today.
A Threat to Solar Accessibility
The Australian Competition and Consumer Commission (ACCC) released a report in July recommending that the SRES be abandoned by 2021. Experts predict that cutting the SRES would result in an approximate 30% increase in cost for rooftop solar.
“Ultimately, the people who would lose out by axing the SRES would be consumers who are tired of the energy retailer roller coaster,” says Patrick Duignan, Managing Director for Hanwha Q CELLS Australia.
“Consumers benefit, and solar businesses benefit from being able to better plan their businesses and continue to grow local jobs. The Morrison Government’s decision today is good for consumers and good for business – what’s not to like?”
A Win for Rooftop Solar
The campaign to save the SRES was supported by a coalition of solar advocates from Solar Citizens, a consumer-based group, and the Smart Energy Council, an industry group. The coalition were able to mobilise thousands of consumers to voice support of solar energy including:
- Nearly 10,000 signed an open letter to the Energy Minister
- Hundreds of constituents contacted their MP asking them to join the call to rule out axing the SRES
- Numerous people wrote to their local papers and had letters to the editor published which explained the benefit of the SRES.
With the announcement by the Energy Minister, consumers and the solar industry can expect some certainty through 2030 on accessibility to rooftop solar.
“The SRES is key to making solar affordable to Australians. When combined with smart consumer financing products like Q CELLS FINANCE, the sky is the limit in terms of putting power in the hands of Australian consumers,” says Duignan
Hanwha Q CELLS Australia congratulates the Morrison Government on their leadership.