E-News Issue #136
NSW Feed-In Tariffs
The NSW government has agreed to allow customers to remain on net metering and still receive the $0.60c/kWh on what they export. While gross metering is best for most people, it was going to cost a few customers a lot of money to run a separate cable from their inverter to their utility meter (on a distant pole or separate building). This news is irrelevant if both your panels and your meter are located on the same building.
Feed-In Tariffs ATO and CES implications
There have been a number of rulings from the government that may be of interest.
a) Is a rebate taxable income? In short: generally not.
b) Is the Feed In Tariff revenue taxable? Generally not for a small house system; larger systems may be taxable when operated as a business.
c) Will the feed in Tariff revenue affect my pension? Generally, credits will not, but a payment such as a cheque will be assessed.
You should seek advice about these matters from your own accountant or the appropriate government department.
Last Year's SHCP $8,000 Rebate
If you received approval for an $8000 rebate several months ago, you may only have weeks to have your system installed before your rebate runs out. If you have not yet had it installed by your solar installer, you may wish to select a new installer who can get the job done on time. Contact us today to see if we or one of our accredited installers can help you out.
If you did not apply and receive an $8000 rebate, you can still receive Solar Credits/Renewable Energy Certificates towards the cost of your solar system. This, coupled with the Feed in Tariff, makes a solar installation not only good for the environment but your bank balance as well. Get an idea of costs and revenue in the Far North Coast area.
Mobile Home Power Systems
I have updated this article.
Recently one of our co-founders Peter van der Wyk, known as Peter Pedals to most of us, has reached that milestone of ‘official retirement age’, which is 65 years old here in Australia. Pete continues to live his preferred modest lifestyle with both solar and hydro systems at home, bio-diesel fuel for his motor vehicle and a solar powered electric solar bike (complete with 72 gears!). He has also developed a similar trike. Pete has seen many changes in this industry over the years and is still a key element in the design of our stand alone power systems. (and no, we haven’t asked when he is going to retire)
Washing Machines – Power and Water consumption
We are about to embark on assessing the needs of a Company washing machine. So watch this space for our assessments on both power and water consumption. We have had much discussion around the office – so it looks like a good subject and one that might be worthwhile for a lot of our readers, so if you would like to contribute, we would be pleased to hear from you.
Cheers from Dave and all the RPC crew.
Dave Lambert (Director)
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- Issue #79 - 05/01/2005