I suppose, at least, now the 'solar is cheaper than coal even without subsidies' crowd can have an opportunity to see if the theory plays out in practice.
Edit to add: also, CEFC could be considered a wealth-transfer mechanism to the already wealthy property owning class (I get that many 'home owners' have large debts, but humour me here). As someone who chooses to rent I am excluded from roof-top solar subsidies. I generally disagree with this discrimination, but don't have a comprehensive alternative off the top of my head.
Solar shouldn't need subsidies and the energy retailers shouldn't be forced to buy roof-top solar at non-market rates. Governments probably shouldn't try to pick winners, at least not Australian governments, they're notoriously bad at it.