The NSW Government announced today that the rate of the Solar Bonus Scheme will be slashed by two thirds from 60 cents per kilowatt hour to 20 cents per kilowatt hour, effective from midnight Wednesday 27 October 2010.
There are transitional arrangements in place for customers that have purchased or leased systems before midnight 27 October 2010 that are not yet connected.
More details on these arrangements are available here.
Click here to view the press release distributed by the NSW Government this morning.
More information can be found on the website for the Solar Bonus Scheme here, or by contacting the NSW Department of Industry and Investment on 1300 136 888