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LJW Solar has been installing solar power and wind power since 1982.
The whole solar industry has been through several "boom and bust" cycles in the last few decades... and we are currently experiencing part of this cycle now.
As a result of government incentives for both reducing the upfront cost of solar, and paying home owners for the power produced, solar experienced a huge surge in 2009 through to 2011.
In NSW in 2010, the feed in tariff scheme was changed - and the generous 60c per kilowatt hour feed in tariff was removed. It was replaced with a 20c feed in tariff. Then early in 2011 this too was scrapped, so that new entrants to solar only receive a net feed in tariff.
Then, the upfront rebate for solar, which had previously offered up to $6000 off even a 1.5kW system, was changed. For the same system, the current rebate is around $2000.
These changes have meant that solar power has gone from being an investment that would pay for itself in 3-4 years, to an investment that (based on current prices and feed in tariffs) will pay for itself in 5-7 years.
This boom cycle meant that lots of companies started up just to take advantage of the gold rush in the market. In fact, about 90% of all the companies selling solar are new since 2008. Some who claim to have been around for a while, have just turned to solar from other industries (such as electrical contracting and air conditioning).
Now, as the market 'cools down', many of these companies are closing. Around 30% of all solar companies have closed down, including some 'big names' and established companies.
As a result of this, it has to be asked: who do you want to trust with your solar?
Update: January 2012
The solar proposition is improving once again for consumers with the cost of solar power falling. Payback is around 5 years for most systems.
The rising cost of power is really making people see this as a good investment once again.