Australia Solar Program Costs Rise A$850 Million, Review Says
BLOOMBERG - Australia’s household solar panel program cost almost seven times as much as expected with an A$850 million ($745 million) rise in expenses as demand outstripped supply, the Australian Financial Review reported.
The program, which gave rebates for the installation of solar panels, cost A$1 billion over 18 months before being cancelled, the Review said, citing government budget papers.
The government planned to spend A$150 million over five years to help meet renewable energy targets, the report said.
