Current Feed In Tariff For Solar Panels

Feed in tariffs are not paid out cash in hand rather they apply as a deduction on your regular bill.

Current feed in tariff for solar panels.

Eligible customers can be paid a solar feed in tariff with any of our electricity plans. 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. Please find the tariff tables for the current fit year below in the collapsible tables. A solar feed in tariff is a credit you receive for excess solar power that your system generates and exports back to the grid.

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. There have been many changes to feed in tariff legislation in all states and territories over the past few years. The tariff rate tables for all installations have been determined and published in accordance with the feed in tariffs order 2012 as amended. It s usually a set rate per kilowatt hour and paid as a credit on electricity bills.

Find out how to apply. For each kilowatt hour kwh of electricity that a household s solar system exports to the electricity grid that property will receive a feed in tariff of a few cents usually between 7 and 16 cents per kwh. 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. 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.

Important information about fits closure and future applications. Solar feed in tariffs are a payment for the clean energy that your solar panels feed back into the grid. Feed in tariff scheme the feed in tariffs fits scheme closed to new applications on 31 march 2019. 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.