Installing solar is a great way of saving money on your electricity bills. By having your own mini power station on your roof (and using this free power during the day)you’re buying less from the grid. But what about the solar energy your system generates that you don’t use? This can also help you save even more money, thanks to some generous Solar Feed-ITariffs (FIT). 

What are Solar Feed-In Tariffs?  

When your solar system produces excess electricity, it doesn’t get wasted. Instead, you can sell it back to the grid. The rate you get is known as a FIT and is calculated per kilowatt-hour (kWh). FITs appear as credits on your electricity bill. If you have enough credits, this can go towards covering your night time electricity usage costs and potentially even your daily supply charge (some energy providers will send you a cheque each quarter if you’re in credit) 

It Can Pay to Shop Around 

How many credits you get per kWh depends on how much surplus solar electricity you export back to the grid, which state you live in, and which electricity provider you’re with. As electricity providers change their rates from time to time, it’s worth keeping an eye on their latest FITs. Then review your current FIT to check you’re still on a good deal.  

While receiving a large FIT is definitely nice, it shouldn’t be your only consideration when it comes to choosing an energy provider. You also need to weigh up: 

  • their electricity rates  
  • their daily supply charges  
  • any terms and conditions such as ‘pay-on-time’ discounts or late payment fees that may impact you.  

Not Sure Which FIT You’re On?  

The information should be on your electricity bill (it’s often referred to as a ‘Solar Credit’)Iit’s not, call your provider to find out. Some electricity plans don’t offer, which is pretty cheeky, given they on-sell your power for a profit, so, it’s worth switching if your current provider doesn’t pay anything 

Which Retailers Currently Offer the Best FITs? 

The retailers with the best FITs for systems under 10kW are as follows:  

  • NSW: Click Energy and Amaysim at 16c/kWh (if you only have a small system, ReAmped Energy offers 21c for first 5kWh/day then 5 cents for each kWh after that) 
  • QLD: On by EnergyAustralia at 18 c/kWh 
  • SA: ReAmped Energy at 19c for first 5kWh/day, then 5 c/kWh 
  • VIC: Origin Energy at 14c/kWh 
  • ACT: ActewAGL at 12c/kWh 
  • TAS: 1st Energy at 13.5c/kWh 
  • WA: Synergy at 7.1c/kWh 
  • NT: Rimfire Energy at 23.7c/kWh 

The retailers with the best FITs for systems over 10kW are as follows:  

  • NSW: Commander and Dodo both offer 11.6 c/kWh  
  • QLD: Discover Energy at 11.5 c/kWh 
  • SA: Simply Energy at 15c/kWh 
  • VIC: People Energy, Indigo Power, Dodo, and Commander all offer 12c/kWh 
  • ACT: Energy Locals at 9.5c/kWh 
  • TAS: 1st Energy at 13.5c/kWh 
  • WA: Synergy at 7.1c/kWh 
  • NT: Rimfire Energy at 23.7c/kWh 

What About Premium FITs?  

Many years ago, early adopters of solar technology in Australia received extremely generous FITs. These premium or legacy rates could be as high as 60c/kWh. However, while current FITs are nowhere near these high levels anymore, this doesn’t mean that solar has stopped being a great investment.  

In fact, the opposite has happened. Electricity bills have continued to skyrocket, while the cost of solar power systems has plummeted. The amount you save on your system plus the free energy it generates more than makes up for the reduction in FITs.   

Want to save money on your electricity bills? The Energy Experts take the hard work out of installing solar. Get a quote today.  

2020/2021 solar feed-in tariffs for systems  
All rates accurate as of September 2020

NSW

NSW Feed-in Tariff for solar

QLD

QLD Feed-in Tariff prices for solar

SA

SA Feed-in Tariff prices for solar

VIC

VIC Feed-in Tariff prices for solar

ACT

ACT Feed-in Tariff prices for solar

TAS

TAS Feed-in Tariff prices for solar

WA

WA Feed-in Tariff prices for solar

NT

NT Feed-in Tariff prices for solar