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15 May
2008
The Budget Low Down
Here are the changes to the $8,000 rebate after the Federal Budget on the 13th May.
• The Photovoltaic Rebate Program (PVRP) has changed its name to Solar Homes and Communities Plan (SHCP).
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The SHCP now has a new eligibility criteria whereby a household's
combined income needs to be less than $100,000 to qualify for the
$8,000 rebate. This is based on the annual taxable income of the
applicant and their spouse (if any) in the most recent tax year prior
to application.
• The Australian Government has allocated enough funding to allow up to 6000 household rebates to be paid next year.
• SHCP funding will end after the 2009-10 financial year as oppose to 2011-12.
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People will have access to green loans of up to $10,000 that they can
use to purchase solar power systems – starting in early 2009
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