rudd gov unlikely to push fit in wa june coag, page-2

Whoopsee's!

From the WA government "The Government has allocated $23million to introduce a residential net feed-in tariff scheme from August 1.
A feasibility study is also being undertaken into the potential for a similar scheme for businesses.
The Minister said while further details would soon be announced, the scheme would be available to householders who had installed grid-connected renewable energy systems."

(http://www.mediastatements.wa.gov.au/Pages/Results.aspx?ItemID=133522) I was searching for 'feed in tariff' or FIT in the WA budget itself.

What might this mean? Of the $23M lets' take off $3M for administration. $20M left.

At 40cents/kWhr premium, $20M gives 50M x kWhr or 50GWhr.
WA photovoltaic systems should give 2000 kWhr of power per kW of installed capacity.

50 GWhr/2kWhr
= 25 MW of installed capacity. If all systems installed in firest year.

At 1kW per installed system (fully qualifies for Federal REC scheme so could be installed free as in some systems in the eastern states http://www.renewableenergyfocus.com/view/9224/comment-australian-solar-shines-in-2009-updated/)
= 25M / 1000 = 25,000 household systems installed.

Spot price for solar modules is about $2/W www.pvinsights.com, double that for shipping, admin = $4/W,
= $100M in module sales in WA in 2010/11.

SOO has 17% of the WA market,
= SOO has gross sales in 2010-11 of $17 M.

Current quarterly report is sales of $8.5M (= $34M annually) so WA residential FIT is unlikely to grossly affect SOO sales as the old FIT transitions to the new scheme.

WA is thinking about FIT for businesses but without business FIT scheme SOO is unlikely to benefit greatly from this scheme over the previous one.

The Perth SolarCity program seems to have gone quiet on specifics but 3000 x 1kW systems were inferred in an announcement 2years ago; allow for halving of system prices and this is 6000 systems. About a quarter of those which will be added under the WA FIT.

SOO still has to work hard for the money.




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