Current Feed In Tariff For Solar Panels

A feed in tariff is a payment you can get if you generate your own electricity eg with solar panels or a wind turbine and you can also sell energy back to the grid.

Current feed in tariff for solar panels.

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. Important information about fits closure and future applications. Eligible customers can be paid a solar feed in tariff with any of our electricity plans. Find out how to apply.

Current rebates incentives. 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. Feed in tariff scheme the feed in tariffs fits scheme closed to new applications on 31 march 2019. A bigger feed in tariff may also be attractive for households that are hardly home during the working day to use their solar power and consequently have most of it exported to the energy grid.

Conversely customers with small solar systems or a storage battery probably won t export much solar to the grid and should focus on cheap electricity. Solar feed in tariffs fit grid connected solar pv systems have the functionality to feed excess energy generated to the grid. 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. 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.

Solar feed in tariffs are a payment for the clean energy that your solar panels feed back into the grid. State solar feed in tariffs. Feed in tariff electricity retailer pays you for free electricity. Under fits householders receive payments for the electricity generated by eligible installed systems like solar pv wind or hydro turbines or micro chp.

Tariff rates are set by the department for business energy and industrial strategy beis. Please find the tariff tables for the current fit year below in the collapsible tables. Your power company will then pay you for that electricity via a feed in tariff. State and territory governments across australia have adopted different approaches to what is normally referred to as a solar feed in tariff sometimes known as a solar bonus scheme or solar buy back scheme.

It s usually a set rate per kilowatt hour and paid as a credit on electricity bills.