It's been dubbed 'middle class welfare' of the first order, since it is typically only wealthy households that can afford to install photovoltaic (PV) solar systems, with the higher power costs hurting low income households and renters, neither of which benefit.
As a result, the Grattan Institute reckons it ranks among the worst government disasters of recent years with as much as $9 billion of the $14 billion spent on rooftop solar systems in Australia wasted.
