Selling solar energy from Australian home rooftops
AUSTRALIA SAYS HOUSEHOLDS CAN SELL SOLAR ENERGY FOR US$40, Utility Products, 6 July 2011 Australian households can sell their solar energy for about A$38 (US$40.48) for every megawatt hour of electricity generated.
The Office of the Renewable Energy Regulator says the average market price for a Renewable Energy Certificate, which is equivalent to one megawatt hour of electricity generation, is $38.39 in 2011.
The office released its annual report on Tuesday which showed more than 160,000 homes and businesses installed solar energy last year.
That was an increase of more than 100,000 on the previous year.
“Growth in the installation of solar panels was encouraged by various state and federal initiatives including Solar Credits,” the report said.
Solar credits make solar panel installation cheaper for home owners.
The ORER accredited 24 more renewable energy power stations in 2010, bringing to 316 the total number of accredited renewable energy power stations in Australia.
Those stations can generate power to the equivalent of more than 1.9 million homes.
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