The solar feed-in tariff is the price you are paid for solar electricity exported to the grid - also referred to as the "buyback rate". It's often confused with Australia's 'solar rebate'. The rebate (subsidy) is the point of sale discount you get off the price of a new solar system, worth thousands of dollars (and is still very much alive and kicking).
Although feed in tariffs are also still available, the rates a lot less in some cases than they used to be 3-5 years ago.
The buyback rates paid were initially very high to encourage the uptake of solar panels, back when solar power systems cost 3 to 4 times the price they are now. The incentive worked. The solar industry is now well established and prices for Australian solar PV systems are the lowest in the world, thanks to high volume and efficient installers.
How Solar Feed In Tariffs Work
When your rooftop solar panels generate more electricity than your home is using at the time, it isn't wasted but transmitted to the mains electricity grid for other people to use. Feed-in tariffs are the payment you receive for exporting that energy to the grid.
Outside of the Northern Territory and some parts of regional Western Australia, solar feed-in tariffs for new rooftop solar energy systems have been generally quite low for the past few years, but most received a rate boost in July 2017, making solar power an even better investment for Australians.
Many Australian households also still benefit from high feed-in tariffs they obtained in the past; having locked in a higher buyback rate as explained below.
Compare Feed-in Tariffs In Your Area
The best and easiest way to find and compare the solar feed-in tariffs currently offered by electricity retailers in your area is to use our electricity retailer comparison tool and enter your postcode.
The size of a Solar system design is determined on a few key components when choosing a Solar system for yourself:
1. A full analysis of your electricity usage habits
2. What your financial goals are and how much you’re willing to spend in order to accomplish those goals
3. A Site specific design and calculation tool used to determine a solar Array being able to accomplish the best performance on your roof and accomplish your goals. (Rooftop Solar)
Many people think by installing a Solar System they'll automatically save massively on their next Power Bill, this is not true.
To gain the most out of your newly installed Solar System you have to be energy smart as well.
Here's some tips:
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