Solar Incentive Slow Down
I am sure many of us can remember the dire warnings that the climate scientists gave us ten years ago: If we do not reduce our carbon footprint urgently, droughts will become longer and drier, floods levels when they happen will increase and cyclones will become more frequent with an intensity never previously experienced in our lifetimes. So I was certainly not surprised to see the dramatic weather events which we have experienced over the past few years and this year in particular.
However, I was flabbergasted when I heard that the first programmes to be cut in honour of assisting our fellow Australians affected by the “natural” disasters were the very initiatives aimed at reducing carbon pollution, for example the Solar Flagships Programme.
Fortunately the Greens seem to have insisted on some of that funding being reinstated but it still leaves me with a big question mark regarding the political will to really make the hard changes we need to face up to.
With the upcoming state election, solar power installers are eagerly awaiting news regarding renewable energy policy. The NSW Liberal party have given a vague but encouraging undertaking to continue their previous policy. Here is an extract from their website:“We will introduce a renewable energy buy-back scheme – sometimes known as a feed-in tariff. The scheme will:
- be a credit or payment to households, institutions or businesses for the renewable power they produce. This will include small-scale solar power from household rooftops; and
- encourage households to make decisions that save energy bills over the medium term.”
It is quite a surprise to see that the coalition seems to be more progressive on environmental initiatives than Labor. I just cannot help thinking that the mining industry are the real power brokers in this country. After all, when the federal government suggested that mining companies should pay the super profits tax, we saw an almost immediate change in prime minister! Julia Gillard then offered a deal to reduce the tax, saving the mining companies a stupendous amount of cash.
Freedom of Information documents released by Treasury show the original super profits tax would have made $99 billion in revenue over a decade. This compares with the revised Minerals Resources Rent Tax which is forecast to earn $38.5 billion over the same period. Considering the mining giants invested a measly few million in advertising against the new tax, could this be considered the best investment of all time?
The good news is that new solar installations completed before June 30 2011 can still take advantage of the five times renewable energy certificate multiplier, reducing the cost of a small scale solar power system by around $1200 compared with those installed after July. So if you have been thinking about reducing your ever increasing power bills either at home or in your small business, now is the time to act.
The Penalty of Success
Solar Incentive Slow Down
Solar Power - The New Headline Act!
Is Solar Still Worthwhile?
Tax On Carbon What Does It Mean For You?
Best Time to Invest in Solar Power? Now
Tax Avoidance Is Good!
Peter Fowler Collins Hume
Collins Hume has over 12 years experience in finance and is a specialist in driving business forward while working smarter not harder. Awarded CPA Australia’s Top 40 Young Business Leaders 2012 he helps make things happen.
Here are Peter Fowler's Expert articles:
- Some Business Owners Get it. How Can You?Mar 22, 2013
Leo Senese RBS morgans
Leo Senese, RBS Morgans, with 17 years of experience in the financial markets with Westpac, Goldman Sachs JB and RBS Morgans he is a specialist in income investments. His primary focus is to generate tax effective enhanced income solutions.
Here are Leo Senese's Expert articles:
- Get Global Commodity Exposure in the Australian Share MarketAug 30, 2011
- The Changing Face of Fixed InterestNov 30, 2011
- Are you prepared for Retirement?Mar 13, 2012
- Don't Pay More Tax Than You Have ToJun 14, 2012
- Working Your Cash HarderSep 03, 2012
- Getting the Best Yield for Your InvestmentNov 30, 2012
- Cash Rate Falls: Yield Remains King!Mar 22, 2013
Clayton Oates QA Business
Clayton Oates, QA Business, our Channel 7 business efficiency guru cuts through the red tape and helps you streamline your business to make things happen.
Here are Clayton Oates's Expert articles:
- Business Costs - Are They Adding Value?Aug 12, 2010
- Moments of TruthNov 16, 2010
- Is your Accountant Necessary?May 09, 2011
- Where Has Our “Disposable Time” Gone?Jun 07, 2011
- Using the Internet to Buy LocallyAug 30, 2011
- Is your head in the Cloud?Nov 30, 2011
- Do Apps – Add Up?Mar 13, 2012
- Future Shock – It’s Here AgainJun 14, 2012
- The Cloud - What’s Old is New AgainSep 03, 2012
- How Disruptive is your Business?Nov 30, 2012
- Clouds Have Different ShapesMar 22, 2013
Meg Nichols EnviTE Inc
General Manager EnviTE Inc, providing advice on the Northern Rivers employment market, recruitment, industry trends and best practice.
Here are Meg Nichols's Expert articles:
Moyra Burke-Smith AM Marketing
Moyra Burke-Smith, AM Marketing – with over 20 years of marketing experience for both small and large companies in Europe and Australia she is our expert at making your marketing work for your business. In her spare time she makes a mean mojito.
Here are Moyra Burke-Smith's Expert articles:
- Make Them HappyAug 12, 2010
- 7 Sins of MarketingNov 17, 2010
- Sins of Marketing part 2May 09, 2011
- Get HelpJun 07, 2011
- Promote Your Company WellAug 30, 2011
- Get Into E-tailNov 30, 2011
- Are You Loyal to Your Customers?Mar 13, 2012
- You Are Your BusinessJun 14, 2012
- Social Media - Making it Work for Your BusinessMar 22, 2013
Roly Barrett Green Up
Roly Barrett is a Sustainability Assessor & Solar Energy Advisor and Sales Manager of Greenup Australia, a Ballina solar and energy efficiency company. Roly spends a lot of time on roofs across the Northern Rivers assessing solar potential and in restaurants
Here are Roly Barrett's Expert articles:
Scott Hales Barefoot Telecom
Barefoot Telecom has been in the telecommunications industry for 14 years, working in many different roles for a number of providers. He is passionate about providing exceptional customer service and building long standing relationships with his clientele.
Here are Scott Hales's Expert articles:
- Communicate The Way YOU Want ToMar 22, 2013
The Small Print:
Notice: While every effort has been made to ensure the accuracy of the information in this publication the publisher accepts no responsibility or liability for any errors, omissions or resultant consequences, including any loss or damage arising from the reliance on information in this publication. The views expressed in Northern Rivers Business Magazine are not necessarily endorsed by the editor or publisher. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form, or by any means electronic, mechanical, photocopying, recording, internet or otherwise, without the prior written permission of the publisher.