What is Feed-in Tariff?
Your energy company pays you feed-in tariffs for power you export to the grid (from sources including solar panels). Energy retail companies are responsible for setting their feed-in tariffs.
The feed-in tariff is the price an electricity provider shall be paying a household or a small business for the excess electricity units that are sent to the grid. The prices you will get through the feed-in tariff will differ from state to state.
Note that every electricity retailer can offer different feed-in rates. This has been a growing trend in Australia and helps homeowners with a solar installation get a return of investment (aside from savings on electricity bills). The rates usually oscillate between 5c to 12c per kWh.
To know more about Feed in Tariffs:
VIC: Click Here
NSW: Click here
QLD: Click Here
ACT: Click Here
TAS: Click Here
NT: Click Here
WA: Click Here
SA: Click Here
The feed-in tariff has two main components
1
Net Feed in Tariff
A premium is paid to you for any surplus quantities of energy generated by your solar panel installation.
Credits will be issued for selling the excess electricity generated to the grid. This can be used against your electricity
2
Gross Feed in Tariff
Get paid for the excess electricity that your solar panel installation generates!
This is regardless of the fact that the excess electricity goes into the grid or is consumed by your living space.
Ready to enjoy the
benefits of the feed-in
tariff?
Here’s what’s next! Contact your electricity retailer to receive the benefits of the feed-in tariff. Be sure to be informed about the price for selling electricity to the grid during the process and before making the final call.
Important Questions to Ask When Getting Feed-in Tariff
Consider asking the following questions before making the final decision:
- What price do you get paid from retailers for selling power to the grid?
- What is the cost of electricity you purchase from them?
- Have you been signed onto a premium of standard Feed-in-tariff?
- What will be the form of payment for selling surplus power to the grid.? Cash, cheque on request?
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