The Government has ended its solar hot water rebate initiative, the
Renewable Energy Bonus Scheme (REBS). An
announcement was made yesterday that henceforth REBS rebates will only be eligible to those people who have had systems installed, ordered or purchased before 28 February 2012, and lodged a claim before 30 June 2012. Although the scheme was always meant to end on 30 June 2012, this is the first time a purchase cut-off date has been publicised. Besides providing prospective applicants with no prior warning, the closure raises the question of why has the rebate been phased out so suddenly?
