House Tablet

Find The Best Solar Deals In Australia

  • 3 Free, No Obligation, Solar Quotes
  • From Fully Qualified Installers
  • With 1000’s of Customer Reviews
  • Competing for Your Business
Finn Peacock Caricature

Check Your Postcode for local solar power quotes

Federal budget announcement offers a mixed bag

15th May 2013

With the May 14 announcement of the federal government's budget, tongues have been wagging about its various increases and cuts in funding the subject of inevitable debate.

The implications of the funding decisions for the future of clean energy, and therefore solar power, are mixed.

One positive of the budget announcement is that funding and support for the government's Clean Technology Investment Program remains strong, and $160 million in funding will actually be brought forward to meet the predicted peak demand for the program in 2014-15.

"This is a great stimulus for manufacturing, which is facing difficult circumstances with the high Australian dollar and intense global competition," said minister for climate change, industry and innovation, Greg Combet.

"The Gillard government is committed to a strong Australian manufacturing industry, and investing in clean technology is a great way to drive improvements in productivity, energy efficiency and competitiveness," said Mr Combet.

The Clean Technology Investment Program is a great mechanism for converting manufacturers and various industries over to renewable technology such as like the likes of solar panels, and helping to fund new energy efficient capital equipment and more efficient manufacturing processes.

Both the businesses themselves and the environment benefit, as savings are made on energy use and therefore energy bills and costs are not as high. 

So far, 222 projects have been supported by this government, amounting to $121 million in funding, which increases to $338 million of investment when taking into account the co-investment that has been provided by the private sector.

The projects from the program which have already been announced are expected to save over $30 million per year through their energy conservation and greater business productivity.

As well as this, almost 25 per cent of these projects are achieving a hugely significant rate of over 50 per cent reductions in their carbon emissions intensity.

In contrast to the support for this program, the budget for The Australian Renewable Energy Agency (ARENA), Australia's independent commonwealth authority on renewable energy technologies and innovations, has been cut.

According to Giles Parkinson, writing for RenewEconomy, ARENA has had its funding cut by around five per cent, with a further $370 million deferred to after 2020. This reduces ARENA's total budget from around $3.2 billion to just over $3 billion.

Posted by Bob Dawson

Solar Power News Categories

Government Rebate & Regulations
Solar Power & Technology

More Government Rebate & Regulations

The election that could cast a deep shadow on solar power
This just in: You are nothing but a means to profit for big utilities and NSW government
The Tongans know a bad solar deal when they see one
Solar feed-in tariffs: Who's getting screwed?
Australian government at a solar power crossroads
WA government admits fault in solar rebate debacle
WA Government saves millions while solar customers are up in arms
SA's solar feed-in scheme costs to rise higher
CEC slams FIT deregulation in SA
Carbon tax announcement 'just a ripple'
Industry reactions to Rudd carbon price changes
New government 'must be made aware of renewable achievements'
Solar features prominently in ARENA funding plans
Calling all solar panel installers - 'save clean technology grants'
Manufacturers set to see bright side of economic slump?
Coalition government 'could spell bad news for solar'
'Not FIT for purpose' - ACT government on tariffs
QLD government under fire for negative solar stance
China's first trading emissions scheme begins
Details of the Queensland solar controversy
Solar panel reprieve for Queensland
Tasmania's solar future no longer too uncertain
Renewable energy funding on the brink
The Clean Energy Council calls for more renewables
Reactions to renewable energy decisions from the 2013-14 federal budget
Federal budget announcement offers a mixed bag
The impact of the carbon tax
Govt energy efficiency success
Renewable Energy Target achievements
New funding for solar panels
Australia and China further carbon cutting collaboration
Examining Australia's environmental efforts
Renewable Energy Target survives its review
Solar powered cinema a possibility
New licensing will make it easier for solar installers to work across states
Renewable recommendations for WA
Renewable energy target hangs in the balance
Deadline approaching for QLD PV installations under 44 cent solar tariff
Electricity emissions down since carbon tax introduced
Reactions to RET review final report mixed
CCA: RET on track to achieve goals
Experts slam Solar Credits decision
Government support 'needed for commercial solar development'
Shadow ministers slam ARENA withdrawal
Industry expert lauds solar PV impact
Australian Solar Council chief hits back at CCA review suggestion
Australian Solar Council debuts solar electorate map
CCA report 'victory for common sense'
Productivity Commission draft 'good for solar'
SA solar campaign reaches government level