Feed In Tariff Rates For Solar Panels

Eligible customers can be paid a solar feed in tariff with any of our electricity plans.

Feed in tariff rates for solar panels.

A feed in tariff fit is a credit customers receive for any unused electricity that their solar power system sends back to the power grid. For existing customers if solar is changing for you you ll receive a letter or email from us in june about the change. Like a tiny power station any extra energy generated through your solar panels that you don t use can be sold back into the grid at the feed in tariff rate. A solar feed in tariff is a payment you get for the excess electricity produced by your system which is fed back into the grid.

Under fits householders receive payments for the electricity generated by eligible installed systems like solar pv wind or hydro turbines or micro chp. Tariff rates are set by the department for business energy and industrial strategy beis. A solar feed in tariff is a credit you receive for excess solar power that your system generates and exports back to the grid. On 1 july 2020 we re changing our act standard retailer fit rate from 8c kwh to 7c kwh gst inclusive if any.

They usually fall in the range of 6 15 kwh generally lower than price of retail electricity purchased from the grid. For 2020 21 it is 6 0 to 7 3 cents per kwh. Find out how to apply. Important information about fits closure and future applications.

Instead rates are largely voluntary for electricity retailers in most states. They are often fixed price incentives that are locked in over a contract period of 10 to 20 years providing property owners with distributed generation a long term stable incentive. A feed in tariff is a solar incentive that pays owners of distributed energy systems like solar a certain amount per unit of electricity sent to the grid. Feed in tariffs are typically between 9 15c per kilowatt hour kwh but the rates vary in each state and are ultimately determined by your electricity retailer.

You ll also see any new feed in tariff on your electricity bill from 1 july 2020. Solar feed in tariffs fit are the payment made to solar owners for the energy they generate and send back into the grid. State manded feed in tariff incentives are no longer available to new solar customers in almost all of australia s states and territories. Each year ipart an independent regulator in nsw sets a benchmark rate.

The rate is set per kilowatt hour kwh and the amount paid varies between retailers. A feed in tariff is a payment you can get if you generate your own electricity eg with solar panels or a wind turbine and you can also sell energy back to the grid.