Solar power pays off! Discover the best feed-in tariffs in major Australian states, making green energy generation more rewarding.
A feed-in tariff is the price that you will get paid when you export solar power to the grid or terminal.
Now let’s define what we mean by exporting solar electricity to the grid. In a new solar power system you’ll get an import-export meter, the way that meter works is at any moment in time the meter will look at how much power you’re producing from the solar panels and how much power you’re using at home.
Any variation will by then move out through your meter into the grid and that is exported power, you will get paid for that electricity at the feed-in tariff rates(current). The Solar feed-in tariff is fixed by the state government.
In short Solar feed-in tariffs (FIT) are the payment given to solar owners for the energy they generate and transfer back into the grid or terminal. Like a small power station, any extra energy generated through the solar panels that you don’t use can be sold back into the grid at the feed-in tariff rate.
The major Australian retailer-provided solar FITs listed here do not include any bonus feed-in tariff that may be provided by state or territory governments. A comprehensive solar feed-in tariff is necessary, but to assure you get the most suitable deal, you also need to analyze the usage rates and supply charges.
Econnex’s comprehensive electricity comparison makes it simple to get it right.
Below are the latest solar feed-in tariffs for households from the major electricity retailer’s in ACT, NSW, SA, VIC, and QLD.