Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
Here’s a plan for Greg Hunt and Josh Frydenberg to do something useful with that red tape bonfire – get solar systems inspected once and properly, rather than twice inadequately with a third and proper inspection covering just a sample.
AGL and Origin Energy's big solar ambitions hinge on offering systems for no money down, instead paying it off via your electricity bill. But to deal with the risk of credit default they'll charge an interest rate premium well above a home loan. It kills the deal.
For some time now, inspection audits have deemed 4% of solar systems 'unsafe' and 15% 'sub-standard'. What does this actually mean and why be suspicious about the media and the minister's new-found concern?
The Clean Energy Regulator's target of 11.71% for 2015 represents an additional 808MW of solar PV for the year, down slightly on 2014. The regulator has also released non-binding marks for 2016 and 2017.