Current Feed In Tariff For Solar Panels

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.

Current feed in tariff for solar panels.

The tariff rate tables for all installations have been determined and published in accordance with the feed in tariffs order 2012 as amended. 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 solar feed in tariff is a credit you receive for excess solar power that your system generates and exports back to the grid. It s usually a set rate per kilowatt hour and paid as a credit on electricity bills.

There have been many changes to feed in tariff legislation in all states and territories over the past few years. Feed in tariffs are not paid out cash in hand rather they apply as a deduction on your regular bill. Eligible customers can be paid a solar feed in tariff with any of our electricity plans. Under fits householders receive payments for the electricity generated by eligible installed systems like solar pv wind or hydro turbines or micro chp.

Feed in tariff scheme the feed in tariffs fits scheme closed to new applications on 31 march 2019. 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. Important information about fits closure and future applications. Please find the tariff tables for the current fit year below in the collapsible tables.

Find out how to apply. 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. 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. Solar feed in tariffs are a payment for the clean energy that your solar panels feed back into the grid.