RECs multiplier changes

The federal government , via Minister for Climate Change & Energy Efficiency, the Hon Greg Combet MP, has announced changes to the controversial ‘Solar Credits Scheme’, a segment of the Renewable Energy Target legislation providing support to the capital cost of small solar generation systems.

The effect of the changes will be that homeowners will receive less financial support through the program than at the current time, starting from July 1st. The scheme’s details are best explained at

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