Solar marred by a myth

Claims that support for solar PV is hugely expensive abatement are out of date and sometimes just plain wrong. Based on the latest data, the small-scale renewable energy support scheme (SRES) will reduce emissions at lower costs than gas-fired power.

The REC Agents Association has released analysis today indicating the cost of the small-scale (primarily solar) component of the Renewable Energy Target (the ‘SRES’) is likely to decline by 62 per cent between now and 2015.

The table below outlines the underlying basis for this calculation, showing that the cost per megawatt-hour of electricity purchased by consumers drops from $7.19 today, to $2.73 in 2015.

Cost impacts of small-scale renewable energy target (SRES)


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