Under the new Solar Credit arrangements, a reduced multiplier of four will apply to systems installed from 1 July 2011 to 30 June 2012. The multiplier will then phase down by one each year as per the original intention of the mechanism, as the cost of installing solar systems is expected to decline further over time.
This reflects the original intention to phase out the multiplier at a steady rate, as the cost of installing solar systems is expected to decline further over time.
Amendments to the solar credit multiplier numbers
1 July 2011 to 30 June 2012: Changes from 5 to 4
1 July 2012 to 30 June 2013: Changes from 4 to 3
1 July 2013 to 30 June 2014: Changes from 3 to 2
1 July 2014 to 30 June 2015: Changes from 2 to 1
Changes to the multiplier number will not affect any other aspect of Solar Credits.