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Renewable Energy News
Well, it’s finally on. Prime Minister Scott Morrison visited the Governor-General this morning and announced an election for May 18. One thing is certain: Federal Election energy policies will figure highly over the next 37 days of campaigning.
Tesla billionaire Elon Musk has weighed into the electric car debate saying Australia can reach 50 per cent electric car sales well before Labor’s 2030 deadline. The founder of Tesla EV company responded to a tweet by Australian Atlassian CEO Michael Cannnon-Brookes. He asked Musk if Labor’s EV plan could succeed.
Just 2,000 Victorian solar rebate applications remain in the State Government’s Solar Homes program before the close of the financial year. The Andrews Government says the success of its Solar Homes program means over 30,000 households have signed up for rebates on solar power system installations.
More Australian businesses can now invest in renewable energy thanks to an expanded instant asset write-off. As a result, solar installation tax deductions are now easier to obtain. Federal Treasurer Josh Frydenberg has broadened the existing scheme in the 2019-20 Budget to include firms with less then $50 million in annual revenue. Previously it was open to those businesses with less than $10 million in yearly revenue.
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