The State Government today announced the residential net Feed-in Tariff (FiT) scheme has now reached its quota and has been suspended from 8.00 am on 1 August 2011.
The net FiT scheme offered residential customers who had installed a renewable energy system a subsidy paid per unit of electricity exported to the electricity network from eligible systems.
Applications for the net FiT already received or postmarked before 8.00 am 1 August will be accepted; however new applications will not be processed until further notice.
Existing FiT customers will not be affected by the closure of the scheme and will continue to receive the subsidy for the remainder of their 10-year payment period.
Customers who wish to install a renewable energy system can still benefit from Horizon Power's Renewable Energy Buyback Scheme, which allows eligible customers to install small scale renewable energy systems and sell excess electricity they produce back to Horizon Power.
For more information about the suspension of the net FiT, please contact the Public Utilities Office. For more information about REBS, please click here.