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True value solar Blog

Heat comes out of hot solar industry

It’s rare for companies benefiting from a government subsidy to support its scaling back. But the chief executive of National Solar Group, Suren Chandrajit, is happy for the federal government to cut its solar credits scheme.

Fast-growing National Solar has become a major player in Australia’s booming solar panel industry. The growth has been heavily dependent on generous subsidies for home owners who install solar panels on their roofs. The Minister for Climate Change and Energy Efficiency, Greg Combet, announced in December that the average subsidy for an average-sized 1.5 kilowatt panel would be reduced from about $6200 to about $5000 from July 1…. Read Article

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