western australia gets 40c/kwhr nett fit

WA has announced their FIT scheme. The 40c/kWhr nett FIT is better than some others (Victoria?) as the WA scheme is netted at the time of generation (and night-time consumption at 9c/kWhr is a lot less than the FIT of 40c/kWhr generated during low domestic usage periods during the day.

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.