Solar PV revolution cost $9.3b, Grattan Institute finds
May 25, 2015
Grattan says governments created a policy mess that should never be repeated.
The rooftop solar boom has come at a cost of more than $9 billion to the public via subsidies that need to be radically overhauled to ensure the expected surge in battery storage use doesn't entrench more waste, according to the Grattan Institute.
A report to be released on Monday exposes the real costs of the solar revolution, finding that by the time subsidies finally run out, households and businesses that have not gone solar will have spent more than $14 billion subsidising those that have...
