The Premier of Australia's largest state, New South Wales, recently announced a gross feed-in tariff (FIT) of AU $0.60/kWh for seven years. This tariff is approximately four times the rate residential customers pay for electricity, and is available for all small consumers of electricity (below 160 MWh/year consumption). This gross FIT, which will pay on the entire amount of solar generation from systems up to 10 kWp, modifies the initially proposed net Feed-in Tariff, which would have run for 20 years.

Read more: Renewable Energy World: New South Wales to Have Australia's Largest FIT

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