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NEW 60cent FEED-IN TARRIFF
The New South Wales Government announced details of the state's feed in tarrif
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It will credit customers with a "gross" feed-in tariff rate of 60 cents per kilowatt hour for all the electricity that their eligible solar photovoltaic (PV) system or wind turbine generates.
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Solar PV systems and wind turbines up to 10 kilowatts in size will be eligible for the Scheme.
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The tariff rate of 60 cents per kilowatthour will be fixed for the life of the Scheme, meaning it will not vary with the time of the day or during the life of the Scheme.
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The Scheme is intended to commence on 1 January 2010 and will operate for 7 years.
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