Find Out About Subsidies For Solar Power In 2011

Even if you recycle, ride your bike in lieu of driving a car and do other Earth-friendly things

, you're probably eager to do even more. Thanks to recent changes to Australia's Renewable Energy Target plan, it's easier than ever to implement solar technology in your home. Learn more about this below.

How Solar Energy Comes into Play:

Beginning on 1 January 2011, the Renewable Energy Target is going to include two parts. The Small Scale Renewable Energy Scheme, or SRES, will cover small scale technologies like solar hot water water systems and solar panels. It will provide $40 per megawatt to homeowners who install these types of products. Investing in solar power products will come with great incentives for homeowners, thanks to this change.

Under the new SRES scheme, a household that installs a 1.5 kilowatt solar panel system in the year 2011 will receive an estimated $6,200 upfront subsidy. The typical solar hot water system will garner homeowners an upfront subsidy of around $1,200. In other words, investing in - and using - solar panel and other products will be more affordable than ever. Since they will reduce energy bills, they are doubly cost effective. Homeowners who have been thinking about buying a solar panel system or a solar hot water system should hold off until the changes go into effect on 1 January 2011.

Help the Planet and Save Money:

The goal of the revised Renewable Energy Target plan is for 20% of Australia's energy in 2010 to come from renewable sources. Thanks to the new changes, this goal looks to be more attainable than ever. Its clear to see that these revised items improve the plan, and it's definitely good news for households who are a little short on cash but would like to do their bit to assist in making this big goal an actuality. If you're one of them, 2011 is going to be a prime year for finally investing in this eco-friendly technology.

The Large Scale Renewable Energy Target, or LRET, portion of the plan concerns large scale projects like wind farms and geothermal and solar enterprises. Even though it is anticipated that these larger entities will do the "larger work", the assistance of private households is necessary for eventual success. With everyone pitching in, it is hoped that that 20% goal will be met and exceeded. This will help reduce energy costs and, more importantly, will help save and protect the planet. If you'd like to do your own part, you can read more about these changes online.

Copyright (c) 2010 Nadine Davis

by: Nadine Davis

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