Queensland’s bright idea that has cost taxpayers $3.2b

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Queensland’s bright idea that has cost taxpayers $3.2b
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All state governments offered feed-in tariffs to encourage the uptake of rooftop solar panels about 15 years ago, but only Queensland’s scheme will keep running until 2028.

For the past decade, Mr Parisi and his wife have not had to pay an electricity bill. In fact, they receive a payment of about $1500 a year from state-owned energy company Ergon for exporting their excess power in to the grid.Michael Chambers, Mr Parisi is one of 200,000 Queenslanders who have received more than $3.2 billion in solar subsidies under the state government’s controversial 44¢ per kilowatt-hour feed-in tariff scheme.AFR Weekend“It’s the best money we have ever spent.

“There was a globally infectious disease before COVID called feed-in tariffs, and we caught it in a big way,” he told“State governments thought it was a cool idea because they didn’t have to pay for it. “The people who got that deal were able to keep that deal. They were the lucky ones – who were doing very well out of it – but everyone in Queensland who had an electricity bill was paying for that. It made the costs of transmission and distribution on the bills go through the roof.”when he became premier in 2012 – said the open-ended nature of the Solar Bonus Scheme was a “political decision” of the former Bligh government.

“Any changes [such as moving house or upgrading to another solar system] you would lose it, but you would be crazy to.”Mr Newman said some Queensland households were eligible for 50¢/kWh for their exported power once the state rebate was combined with retailer feed-in tariffs. Solar Analytics founder Stefan Jarnason said Queensland’s feed-in tariff was “overly generous” but the incentive schemes helped Australia become a world-leader in rooftop solar penetration.

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