The
federal
Solar
Credits
Scheme
is
based
on
Renewable
Energy
Certificates
and
a
payment
multiplier
system,
currently
set
at
a
level
of
five,
for
homeowners
installing
PV.
Last
December
the
government
announced
a
reduction
to
four
with
effect
from
July
of
this
year.
But
the
multiplier
will
now
fall
to
three
from
that
date,
before
reducing
further
to
two
next
year
and
being
phased
out
altogether
in
2013.
The
scheme,
which
was
launched
in
2008,
was
previously
due
to
run
to
2015.
Combet
says
surging
demand
for
solar
panels
had
pushed
up
electricity
prices,…
