A Solar Feed-in-Tariff Comparison State by State in Australia

    Comparison State by State in Australia

    Aussies who have installed a solar system at home or farm know the term “Feed-in Tariff” (FiT) very well. In general words, A feed-in tariff is a credit given to a customer for unused electricity that the solar system delivers back to the main power grid. The customer is paid an amount per kWh of electricity. The rates are different state by state and company to company in Australia

    What Actually Feed-in Tariff Means?

    In short, A FiT means generating electricity through the solar system on your own and gets paid for the same from energy companies. This makes your solar system cost-effective and with this benefit, some homeowners get inspiration to install solar panels at home. While many business-minded homeowners consider an investment idea. In either way, it is helpful to the environment and preventing the excessive use of natural resources.

    If you still thinking that solar system is too costly for you to buy; either you are not understanding the importance of solar energy or just don’t want to install it. Well. it’s all up to you; pay the full energy consumption bill every month or get deduction in bill by selling the solar energy to retailers.

    If you have already installed a solar system; you might be able to obtain a higher Feed-in tariff (FIT) for exporting surplus solar electricity to the power grid. Isn’t it a great idea?

    Just install a solar system at home (one-time investment); get reduced energy consumption bill by delivering energy to the grid.

    The Feed-in Tariff Rates are different for different states and energy companies. So, how much you get paid for supplying electricity to the grid is depended on which state you are living.

    Do Homeowners Get Paid Cash in Hands?

    No, they aren’t. The amount homeowners earn through Feed-in tariff is a deduction on a regular electricity bill. As much as you earn from feed-in tariff; your energy bill will get reduced. That’s a good reason to shop for effective solar panel systems in Australia.

    Hope you have understood the importance of Solar Panel Systems and how Feed-in Tariff (FiT) can save on your energy bills.

    Now, let’s compare the Feed-in Tariff Plans State by State:

    Queensland (QLD) Feed-in Tariff Plans:

    Right now, there is not any minimum FiT rate for Energex network (southeastern Queensland). Yes, it’s true. Each retailer assigns a particular amount to exported solar energy so, there is no consistency. Some offer more than others. Visit QCA’s official website to check current rates:

    Here below is the chart for Feed-in Traffic rates for Queensland (QLD). For in-depth information; you should visit the dealer’s website.

    New South Wales (NSW) Feed-in Tariff Plans:

    The rates for Feed-in tariff are totally based on Ausgrid Network Sydney but still, the rates will vary due to some circumstances.

    Check out the below chart for the FiT Plans to compare easily.

    Victoria (Vic) Feed-in Tariff Plans:

    The government of Victoria has introduced a minimum feed-in tariff (FiT) from July 1st, 2017. The rate will be 11.3 cents per kWh relatively but will fluctuate annually as it will be reviewed regularly.

    Check out the below chart for the current FiT rates to compare retailers’ plans easily

    South Australia Feed-in Tariff Plans:

    Same like Queensland and New South Wales, no minimum FiT rate is set in South Australia. Retailers set their own rates.

    Check out the below chart for the current FiT rates to compare retailers’ plans easily

    Western Australia Feed-in Tariff Plans:

    Same like Victoria, the minimum FiT rate in Western Australia (WA) is set to 7.2 cents per KWh by the local network company synergy. There is no competition in between the retail electricity & so the rates are ideally set by the regional utilities in annexation with Government regulators.

    If you are living in the regional Horizon Power Network; you will receive a minimum amount of exporting solar energy depending on where you live. Generally, Horizon power network pays in between 10 to 50 cents per kWh depending on a town.

    See the FiT rates of Horizon Power Network here

    ACT Feed-in Tariff Plans:

    Unlike Victoria, no minimum FiT rate is set in the ACT. Retailers set their rates voluntarily.

    Check out the below chart for the current FiT rates to compare retailers’ plans easily

    Northern Territory Feed-in Tariff Plans:

    FiT rates depend on the electric retailer in northern Territory. Here is the list of energy retailers operating in Northern Territory here:

    Check out the below chart for the current FiT rates to compare retailers’ plans easily

    Tasmania Feed-in Tariff Plans:

    Tasmania is an open market but still, a little competition is there between local retailers. No minimum FiT rate is set in Tasmania.

    Check out the below chart for the current FiT rates to compare retailers’ plans easily

    Installing a solar panel system can be a wise investment. The Feed-in tariff is a good thing for homeowners to get a deduction on energy bills by exporting the surplus energy to a power grid. You have FiT rates of each company state by state; compare them and choose an appropriate one as per your needs.