SOLAR FEED IN TARIFF INFORMATION - YOUR SOLAR QUOTES

 

What is a solar feed in tariff?

Feed in tariff schemes have been introduced by the Australian Government as an ongoing reward for people who invest in a solar power system. Feed in tariffs work by paying homeowners for the excess electricity they are feeding back into the electricity grid. This feed in tariff means that you are paid for the excess electricity you don’t use from your solar system and ‘export’ back to the electricity grid. There are 2 types of solar feed in tariff available.

Net feed in tariff

You get paid for the excess electricity generated by your solar power system that is not consumed in your household. (see image to the right for reference of how a net feed in tariff works)

Gross feed in tariff

You are paid for all of the electricity generated by your solar power system. You then buy electricity back from the electricity grid.

Current solar feed in tariff rates

The rate of your available feed in tariff varies depending on your location and energy supplier. The following table describes the current feed in tariff that could be available to you.

STATE CURRENT RATE DETAILS
QLD 6 - 10c/kWh Varies depending on your retailer
NSW Up to 8c/kWh Varies depending on your retailer
VIC Min of 8c/kWh Reviewed annually
SA Min of 6c/kWh Effective July 1st 2014
WA 8.4c/kWh or 10 to 50c/kWh Varies depending on your location and retailer
TAS 5.5c/kWh Reviewed annually
ACT 7.5c/kWh Reviewed regularly
NT 27.13c/kWh Reviewed regularly

 

While the amazing feed in tariff rates of the past few years are no longer available, the effect of falling feed in tariff rates has been offset by the incredible reductions in solar technology prices over the same period! High quality solar systems are almost a third of the price they were 3 years ago - making solar a great investment with an attractive return on investment.

Unless you are lucky enough to live in the Northern Territory (where they have a 1 for 1 feed in tariff) or certain areas in Western Australia, the feed in tariff rate is lower than the rate you purchase electricity at. For this reason - we recommend that you try and use as much of your electricity needs as possible during daylight hours when your solar system is producing electricity. This will ensure that you maximise the value from your solar power system.

 

In addition to the solar feed in tariff, you will also receive the Australian Government solar rebate. This upfront solar rebate can save you up to 50% on the cost of installing a solar power system! Read more about the solar rebate here.

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