Saturday, August 25, 2007

The cost of the new green

HOUSEHOLDS will have to pay up to $6.5 billion extra from 2012 to replace their electric hot water systems under a Labor plan to impose an effective ban on the appliances as part of its strategy to cut greenhouse emissions.

Under the ban, up to half of all Australian households will have to switch to expensive solar hot water systems when their old electric tanks fail.

Each solar hot water system will cost about $2800 more than a standard electric system replacement.

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