Solar feed-in tariffs are similar to New South Wales’ ‘Return and Earn” scheme, in which people return containers for a refund. Feed-in tariffs offer households credits on their electricity bills, which they can use to export any excess electricity back into the grid. Instead of receiving cash refunds, however, these credits are not refundable. There are often decent savings depending on the FiT rates.
You’re looking for the best deals to maximize your solar investment. With so many options, we can’t blame you. Let’s get to the point.
Which is the most attractive solar feed-in tariff for NSW?
Red Energy offers the highest solar feed-in tariff for NSW. Customers who are eligible on a single tariff tariff can receive 18c per kilowatthour (c/kWh), to supply electricity into the grid. AGL and Origin offer 12c/kWh. Discover Energy has the highest feed in tariff rate at 16c/kWh.
NSW Solar Feed-in Tariff Rates
Below are details about the New South Wales solar feed-in tariffs, including the minimum and maximum FiTs. These electricity providers might not be available in all parts of NSW. Some FiTs are only applicable if certain conditions are met. For more information, be sure to visit the website of each provider.
|Retailer||Minimum Feed in Tariff (kWh).||Maximum Feed in Tariff (kWh).|
|Bright Spark Power||7c||7c|
|Discover Energy||6c||16c (first 300kWh/quarter), 10c for the next 300kWh/quarter and 4c thereafter|
|A Box of Electricity||7c||7c|
|Enova Energy||0c||7c (first 5kWh/day, 4c thereafter)|
|Future X Power||4c||4c|
|Origin Energy||5c||12c (must buy solar system via Origin)|
|Red Energy||6c||18c for the first 5kWh/day and 6c thereafter|
|*Social Energy||9c||40c (for the first 300kWh/quarter must have solar and battery, then 9c)|
|1. First Energy||6c||11c|
Origin Energy Feed in Tariffs NSW
Origin Energy offers a 12c/kWh higher feed-in tariff than the standard. However, Origin Energy will need to install your solar panels. The retailer’s best feed-in tariff is still very affordable at 10c/kWh.
Which is the best provider of solar energy?
Red Energy has been voted Australia’s top solar energy provider and is currently the highest rated company. Five-star ratings were given to the company by Australians across many categories of research, including customer service, cost transparency, ease of signing up, environmental sustainability, and overall satisfaction. Red Energy offers one plan that is solar-specific in NSW and also has FiTs on its standard market offerings.
Are there always solar-specific plans?
Although these plans are sometimes not publicly available, some energy retailers offer customized solar plans to customers who want to maximize their solar system’s returns. This could be a promotional offer for a limited time or a requirement that customers purchase a qualified PV system from an energy retailer’s third party solar installation company.
Which is more important: Energy rates or feed in tariff?
It’s not worth having solar panels if you find out that the electricity plan you are on is inefficient. Feed-in tariffs can make a difference in your electricity bills if you generate enough electricity to feed into the grid. However, it is important to be aware of the rates that you are paying. Every electricity plan has usage and supply fees. These are the rates that you pay to consume power, as well as energy delivered to your home.
It is important to check the energy rates for all plans regardless of the feed-in tariff. You may find that a plan with high base rates could cancel any guarantee of credit on your next bill if your solar system doesn’t produce enough power. If your solar PV system exports a lot of power, it may be possible to justify higher electricity rates in return for a high FiT. It all comes down to your individual needs and circumstances.
How can I find out what my solar feed in tariff is?
The solar feed-in tariff can be found on your last energy statement or bill. The summary of charges, which is usually found on the second page in your bill, should list it. This section should include information about your feed-in tariff per kWh, how much electricity you have exported (e.g. This section should outline your feed-in tariff (per kWh), how much electricity you have exported (i.e.
You can also check the energy price facts sheets for your plan. All power companies must have these documents. This document lists all fees, charges, and rates that you will be paying. These documents can be difficult to find for some retailers, but they are usually located at the bottom of every retailer’s website.
Is there a minimum feed in tariff in NSW
Energy NSW states that there is no minimum feed-in tariff rate for NSW. However, there is a benchmark rate of 4.6 to 5.8c/kWh. Contrary to Victoria, where the minimum FiT is 6.7c/kWh for solar customers, NSW solar customers will need to pay more attention to the FiT rate of any plan or risk being stuck with a bad deal.
Is it worth investing in solar energy in NSW?
Installing solar can make it possible to move one step off the grid in NSW. It is also a great way for households become more self-sufficient. It is important to remember that solar systems are not instantaneous. Even if you do manage to get a rebate, don’t expect to see a quick return on your investment. It’s important to do your research as PV systems can run into the thousands.
It’s important to regularly review energy prices, no matter if you have solar. You will be able to stay up-to-date with the latest deals in your local area.