A solar feedin tariff is when a specific rate of payment is applied to solar power that is exported to the public grid by a grid connected solar system. Listed below are electricity retailers latest solar feed in tariffs for households in act, nsw, nt, qld, sa, tas, vic and wa including key feed in tariff conditions. This means that you need to first use the electricity produced through your solar system at your home and then you can be eligible for a feed in tariff for the excess energy that is pumped into the grid. Some states such as rhode island offer solar feed in tariffs well above the retail rate of power but in many other states and in specific utility territories there are what is known as avoided cost solar feed in tariffs where an amount is paid for solar energy exported to the grid that is less than the retail rate of power. Regional queensland solar feed in tariffs the situation is different if you live in regional queensland. Solar pv feed in tariff calculator to use our solar pv feed in tariff calculator, simply change the values in the left column, and click the calculate button. A solar feedin tariff is a price or credit you get when your gridconnected solar power system sells electricity back to the grid for use by other customers on the grid.
Best solar feedin tariffs by state and territory wattever. This means of the more than 140,000 participants who joined the program prior to may 2011 who havent taken action need to make some very important decisions now the nsw solar feedintariff challenge why this matters to you. Solar feed in tariffs fit gridconnected solar pv systems have the functionality to feed excess energy generated to the grid. The electricity and other legislation batteries and. Listed below are electricity retailers latest solar feedin tariffs for households in act, nsw, nt, qld, sa, tas, vic and wa including key feedin tariff conditions. Queensland government to axe 8cperkwh solar feedin. This means of the more than 140,000 participants who joined the program prior to may 2011 who havent taken action need to make some very important decisions now. Solar feedin tariffs can sometimes be confused with solar rebates.
See market feed in tariffs in south east queensland and the feed in tariff for regional customers for current feed. To help with the financial outlay and to recoup the cost of a solar power system investment, the government is offering what is known as a solar feedin tariff. A feed in tariff may be higher or lower than the retail rate of power. New updated 1st august 2012 our feed in tariff calculator has been updated to reflect the changes which came into force today i. Victoria timevarying solar feedin tariff calculator. Regional queenslands solar feedin tariff to increase. What is a feedin tariff fit solar energy saves you money by making you less reliant on the electricity grid, but what if youre not home or you only use a small. A solar feed in tariff is when a specific rate of payment is applied to solar power that is exported to the public grid by a grid connected solar system. As announced in 2012, the mandated 8 cent tariff paid to pv solar owners by the network businesses energex and ergon will end on 30 june 2014 and retail.
In queensland, current solar feed in tariffs in brisbane, the gold coast, and the sunshine coast as far north as noosa are covered by what is known as a voluntary retailer contributions. Solar pv photovoltaic feedin tariff calculator solar guide. The net feed in tariff qld is paid for by both the queensland government and electricity retailers. Solar feed in tariffs are arrangements where a solar system owner is paid for the solar energy that they send into the grid. Solar feedin tariffs fit are the payment made to solar owners for the energy they generate and send back into the grid. The comparison rate is a term defined for home loans by the australian government and must be given with all domestic home loan products. A solar rebate is a discount you can get when you buy a solar power system. Please see the information below the calculator for an explanation of how it works. The solar bonus scheme offering a 44 cent feed in tariff is not available to new customers.
Solar feed in tariffs fit are the payment made to solar owners for the energy they generate and send back into the grid. As we first reported back in may, this month sees a small reduction to the solar feed in tariff, with rates falling from 15. These include the australian government solar rebate, any state rebates, your feed in tariff, the cost of your solar panels and the rate that you pay for your electricity. One should always model the effect of a feed in tariff after the current one ends. Feedin tariffs are typically between 9 15c per kilowatthour kwh but the rates vary in each state and are ultimately determined by your electricity retailer. Minimum 201819 solar feed in tariffs set for victoria.
New south wales premium gross solar feedintariff solar bonus scheme finished at the end of 2016. Currently, most state governments mandate a minimum retailer feedin tariff rate, which your energy retailer will provide to you. The calculator also allows you to compare a high quality photovoltaic pv system with a lower priced solar system and see the difference in payback time. The retailer feed in tariff is available to anyone with an eligible solar pv system. Origin energy a leading energy provider in australia. Queensland energy minister mark bailey introduced a similar bill in june last year. More than 88,000 victorian households, small businesses and community groups are now benefiting from the pfit. The comparison rate is calculated in the same way as the internal rate of return irr see excel function which is used in financial mathematics. Solar calculator is an independent resource for calculating your solar power requirements and. Changes to the 44 cent queensland feed in tariff will apply retrospectively from february 15 2018 if new legislation is passed a bill introduced into queensland parliament last week contains new rules around the legacy tariff of 44 cent per kwh. When this occurs the energy retailer buys this excess electricity at a feed in tariff rate, which the household will receive a credit on their electricity bill. The queensland solar bonus scheme is capped at a maximum 5kws and one system can be installed per premises. For existing customers with solar systems under this scheme, download previous feedin tariffs pdf 81kb toggle item visibility our current fit rates. Click here to view the australian solar feed in tariffs.
For the 20192020 year, the regional feed in tariff is 7. This outcome, in turn, would ensure that the solar pv industry is placed on a commercially viable footing. The distributor feed in tariff, also known as the solar feed in scheme, is only available for eligible solar pv systems that were connected to the grid before 30 september 2011. This means that the higher the solar feed in tariff is, the quicker owners of solar power generation systems can recoup their investment. Solar feedin tariffs fit gridconnected solar pv systems have the functionality to feed excess energy generated to the grid. Victoria timevarying solar feedin tariff calculator also. The new tariff rate comes into effect from today 1 july and will remain in place until 1 october. If your biling period crosses 1 july you will see 2 line items for your solar export.
As we first reported back in may, this month sees a small reduction to the solar feedin tariff, with rates falling from 15. Solar feedin tariffs act nsw qld sa vic origin energy. The electricity and other legislation batteries and premium feedin tariff amendment bill 2018 sets out clearer guidelines on eligible solar power installations. Feedin tariffs a feedin tariff fit is a credit customers receive for any unused electricity. The queensland competition authoritys qca final report on the solar feedin tariff for regional queensland for 201617 provided certainty for regional customers and was set using the same methodology as in the previous two years, treasurer curtis pitt said. Solar feed in tariffs by state calculate your buy back rate. Any payments your system earns will get credited to your electricity account by. Solar pv photovoltaic feedin tariff calculator solar. That legislation also put a limit on the maximum output of a households solar system. It takes into consideration the temperature of the panels for the location selected along with the amount of sunshine available throughout the year. A solar feedin tariffs fit is the amount youre paid per unit kilowatt hour kwh of your unused electricity that you can sell back to the grid. Different electricity retailers may offer different feedin tariff rates. We dont negotiate fits on your behalf, but we do recommend you call your retailer to ask.
Government reforms the 8c solar feedin tariff from 1 july. The qld solar feed in tariff can be up to 16c per kwh. Queensland government to axe 8cperkwh solar feedin tariff to cut electricity costs so you missed the 44c solar tariff and had to settle for 8c. People are given credit through their electricity retailer for the electricity their systems generates but they dont end up using. Under the queensland government solar bonus scheme legislation, if you currently receive the 44 cent feedin tariff and a change to the name of the electricity account occurs, the 44 cent feedin tariff will permanently no longer apply at the premises. Toggle across to adjust these prices, we keep an updated spreadsheet of all south east qld retailers rates.
In case of solar pv the owner is the bank and will receive his payments either from savings on grid demand or from an existing feedin tariff or from a combination of both. The export amount up to 30 june will be paid at the previous feedin tariff while export amounts after 1 july will be credited at the new feedin tariff. Diamond energy high feed in credits maximise solar. Contact us today to find out precisely how much you can save with an instyle solar system. Our savings calculator provides an estimate only, using a limited amount of data to determine your potential financial return. Apr 19, 2018 the pricing model for the solar feed in tariff scheme is cents per kwh kilowatt hour which is the same pricing model electricity companies use to charge us all for our usage. Australian solar feedin tariffs rates and retailers solar. Website design and development by elliot moss downloads.
Net feedin tariff, also known as export metering, pays you for the surplus energy that your solar panels generate. The act electricity feedin tariff scheme was closed to new applicants in 2011. This means that the higher the solar feedin tariff is, the quicker owners of solar power generation systems can recoup their investment. Solar feed in pricing the final report was sent to the queensland government on 20 june 2016 and publicly released on 19 december 2016. The feedin tariff component of solar boost plus is 20c for act, 23c for nsw, 19c for qld, 23c for sa, 20c for vic and commences once your solar meter has been connected to the grid and ends when the two year energy plan period ends. When this occurs the energy retailer buys this excess electricity at a feedin tariff rate, which the household will receive a credit on their electricity bill. Solar feedin tariffs who offers the best fit in australia. The distributor feedin tariff, also known as the solar feedin scheme, is only available for eligible solar pv systems that were connected to the grid before 30 september 2011. The scheme offered eligible households, businesses and community organisations with smallscale solar systems of five kilowatts or less a credit of at least 60 cents per kilowatt hour for excess electricity fed back into the grid. You have the option of choosing a flat set rate of 9.
A solar feed in tariff is a price or credit you get when your gridconnected solar power system sells electricity back to the grid for use by other customers on the grid. In queensland, current solar feedin tariffs in brisbane, the gold coast, and the sunshine coast as far north as noosa are covered by what is known as a voluntary retailer contributions. At one point in time, feed in tariffs were mandatory in every state in australia, and the rates they offered were quite generous. Government reforms the 8c solar feedin tariff from 1 july 2014 downward pressure on electricity prices will be created after the newman government announced reforms to the solar bonus scheme. Encouraged by a range of government incentives, thousands of our customers are now enjoying the benefits of solar power. Apr 10, 2017 to help with the financial outlay and to recoup the cost of a solar power system investment, the government is offering what is known as a solar feedin tariff. Solar feedin pricing queensland productivity commission. Queensland feedin tariff tightens rules around solar users. Customers in regional queensland with an eligible solar power system can access the regional feed in tariff for the power they. Premium rates are much higher than current fit rates, often up around 40ckwh, but. Our solar savings calculator will find the returnon investment from solar panels. Queensland feedin tariff rules tighten for solar users.
These include the australian government solar rebate, any state rebates, your feedin tariff, the cost of your solar panels and the rate that you pay for your electricity. May 20, 2016 regional queenslands solar feedin tariff to increase. Your solar pv system must be net metered and you must not be receiving a feedin tariff under any government scheme. This means electricity retailers dont have to pay anything for electricity solar households export to the grid, but in. In order to gain an accurate estimate on the solar savings calculator be sure to input the tariff rate in advanced settings, that applies to the region that you live in. Australian solar savings calculator and free roi report. The queensland competition authority sets this rate each year. Even if most retailers stick to offering the minimum reduced flat feed in tariff rate for some time, it should do little to discourage victorians from installing solar power systems given energy price rises in january that will see households paying up to 14. From 1 july 2019, customers on the timevarying tariff will receive an increased offpeak rate of 9. The new singlerate minimum feedin tariff is set at 12 cents per kilowatt hour ckwh, which is higher than the rate for 201819 9.
The new singlerate minimum feed in tariff is set at 12 cents per kilowatt hour ckwh, which is higher than the rate for 201819 9. Feedin tariff for regional queensland homes and housing. The act electricity feed in tariff scheme was closed to new applicants in 2011. Solar power calculator calculate your solar potential. For existing customers with solar systems under this scheme, download previous feed in tariffs pdf 81kb toggle item visibility our current fit rates. The solar savings calculator below will answer this question. Eligible customers can be paid a solar feedin tariff with any of our electricity plans. Premium feed in tariffs were offered to some people installing solar energy between the years of 2007 and 2011. A feedin tariff pays you for the excess electricity generated by your rooftop solar pv system. Solar payback calculator you can also work out your returns using our calculator here. Solar feedin pricing the final report was sent to the queensland government on 20 june 2016 and publicly released on 19 december 2016.
Regional queenslands solar feedin tariff to increase the. See how long it will take for a solar system to pay for itself. Changes to the 44 cent queensland feedin tariff will apply retrospectively from february 15 2018 if new legislation is passed. This means that you need to first use the electricity produced through your solar system at your home and then you can be eligible for a feedin tariff for the excess energy that is pumped into the grid. This premium tariff only applies to those who installed solar before july 10 2012.
Premium feedin tariffs were offered to some people installing solar energy between the years of 2007 and 2011. Find out your rights and who to call for help if something goes wrong with your solar power. Australian solar feedin tariffs rates and retailers. A solar feedin tariff is a credit you receive for excess solar power that your system generates and exports back to the grid. The solar calculator uses data from the australian solar radiation data handbook to estimate how much energy a solar system will generate. Net feed in tariff, also known as export metering, pays you for the surplus energy that your solar panels generate. The previous queensland government solar bonus scheme offered an 8 cents kwh feed in tariff.
One should always model the effect of a feedin tariff after the current one ends. The pricing model for the solar feedin tariff scheme is cents per kwh kilowatt hour which is the same pricing model electricity companies use to charge us all for our usage. Solar calculator solar power products and performance solarwide. Australian solar feedin tariffs rates and retailers solar market. As mentioned on the solar power adelaide unbiased solar information for adelaide homepage, the south australian solar feed in scheme currently provides for a a feed in tariff rate of 16 centskwh payable until 30 september 2016 but, and keep this date in mind, only until 30th september 20. Solar feedin tariff incentives and rebates solar market.
Solar feed in tariffs can sometimes be confused with solar rebates. How does a solar feed in tariff differ from net metering. At the same time we have updated some of the default values in the calculator for example the cost of a 4kwh solar. If you live in regional queensland, you can choose between a flat rate of 9. Our simple, solar friendly offers, help you to maximise your solar. A bill introduced into queensland parliament last week contains new rules around the legacy tariff of 44 cent per kwh. The final report investigates and reports on a fair price for solar exports produced by small customers. These estimates are calculated by comparing a range of mcs certified panels to. Our electriticity offers are simple and help you maximise solar savings today and into the future. Weve got your covered our calculator factors in all of these variables before displaying your solar results. Jul 01, 2019 solar power systems act like a mini generator on your roof producing electricity from the sun. This means electricity retailers dont have to pay anything for electricity solar households export to the grid, but in most cases they do. Changes to the 44 cent queensland feedin tariff will apply retrospectively from february 15 2018 if new legislation is passed a bill introduced into queensland parliament last week contains new rules around the legacy tariff of 44 cent per kwh.
Customers will also lose the tariff if they add solar panels to generate power above the approved total rated inverter capacity. The export amount up to 30 june will be paid at the previous feed in tariff while export amounts after 1 july will be credited at the new feed in tariff. The retailer feedin tariff is available to anyone with an eligible solar pv system. Those who had been receiving 60 cents or 20 cents per. The importance of the feedin tariff is in ensuring the commercial viability of the solar pv investments themselves by linking the tariff rate to lcoe of the systems when involved with a gross feedin tariff arrangement. You could save even more with a solar storage battery learn more here. Which electricity retailer is giving the best solar feedin. Under the queensland government solar bonus scheme legislation, if you currently receive the 44 cent feed in tariff and a change to the name of the electricity account occurs, the 44 cent feed in tariff will permanently no longer apply at the premises.
Much has changed, however, since we first published this article in 2009. Some common values have already been selected for you. When your home is using solar energy instead of the grid. Highest ranked for solar support and offers we have always offered one of the highest feed in rates. Click here to view the australian solar feedin tariffs.