Australian news, and some related international items

South Australia: incentives for renewable energy

Tax break boost for solar, wind projects  ABC News Dec 16, 2009

A new renewable energy tax rebate has been announced and the South Australian Government hopes it will boost investment in the industry.

From next July, investors will get payroll tax rebates of up to $5 million for large solar energy projects and up to $1 million for wind power projects.

SA Premier Mike Rann says the rebates will help create jobs.

“We’re aiming to get 33 per cent of our power from renewables by 2020, but I also want to establish South Australia as the renewable energy hub for the eastern seaboard,” he said.

Tax break boost for solar, wind projects – ABC News (Australian Broadcasting Corporation)

December 17, 2009 - Posted by | climate change - global warming, energy, South Australia | , , , , ,

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