Waddya know?? 40c/kWhr. I was spot on! Remember to add another...

Waddya know?? 40c/kWhr. I was spot on! Remember to add another 7c/kWhr payment from the power company for the MRET.

Moreover, the nett FIT is properly designed, i.e. power is netted at the time of generation so that if you use lots of cheap power at night it is the cost of the power, not the actual kW/hr used, that is netted against your daytime generation. The scheme is supposed to payout a 1kW system in 7 years. What will it do for a 5kW maximum allowed under the plan system?

The 10MW installed systems review period seems low at 5-10,000 domestic systems installed especially compared to the $23M which would cover about 20,000 -40,000 systems once netted out, but the netting scheme compensates.

It will be interesting to see what the $/W of installed systems will be at the end of 2010 when world installed PV manufacturing capacity is expected to be 30 GW but world demand will only be 12 GW. http://www.epia.org/fileadmin/EPIA_docs/public/Global_Market_Outlook_for_Photovoltaics_until_2014.pdf

Scheme Design Parameters http://www.clean.energy.wa.gov.au/pages/re_feed-in_tariff.asp

Rate - 40 c/kWh for net electricity exported to the grid. This rate is in addition to buyback schemes offered through Synergy and Horizon Power;
Recipients will receive payments for 10 years;
System size must be consistent with Renewable Energy Buyback Scheme and will be limited to 5kW for Synergy customers and 10kW per phase (30kW in total) for Horizon Power customers; and
The scheme will reviewed every 3 years or 10MW of new generation to assess the ongoing level of support required in light of changing economics and technologies.