NSW households who own and operate grid connect solar power systems will be paid up to sixty (60) cents per kilowatt hour generated. The move, initiated by the Rees Government yesterday, is designed to encourage the uptake of grid connect solar panels in order to meet the 2020 target whereby 20% of all power consumed will be supplied from renewable energy.

In a statement made by NSW Environment Minister Carmel Tebbutt “A feed-in tariff makes solar panels more affordable because people are paid for the clean electricity they produce.”

The taskforce has been established and will report back to government in January, with the scheme expected to be implemented by mid-2009.