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. It's usually a set rate per kilowatt hour and paid as a credit on electricity bills.
Eligible customers can be paid a solar feed-in tariff with any of our electricity plans. Your solar FiT and electricity are two different products, so your solar rates and your electricity rates have separate terms and conditions. Solar rates may change from time to time and we will let you know before a rate change affects you. This is in line with our solar terms and conditions.
Australian state governments used to fund feed-in tariff schemes, but they are now closed for new customers. Retailers, like us, do still provide some feed-in tariffs, depending on what state you’re in and the size of your system. To give you an indication of what rate you may be eligible for, here's a table of our current feed-in tariffs.
Single rate FiT
from 1 October 2021
|Victoria||10.2 cents per kWh^||
7.1 cents per kWh^
|New South Wales||9.5 cents per kWh^||7.6 cents per kWh^|
|Australian Capital Territory||9.5 cents per kWh^||7.6 cents per kWh^|
|South Australia||10.5 cents per kWh^||8.5 cents per kWh^|
|Queensland||8.5 cents per kWh^||6.6 cents per kWh^|
Currently, with a retailer FiT, you’re paid one rate for any excess energy that you export back to the grid.
Time of use FiT
(7am-3pm, 9pm-10pm Weekdays;
|12.5 cents per kWh^||9.8 cents per kWh^||9.1 cents per kWh^|
from 1 October 2021
|11.6 cents per kWh^||6.5 cents per kWh^||7.1 cents per kWh^|
The minimum feed-in tariff prices set by the Essential Services Commission are 10.9c/kWh, Shoulder 6.1c/kWh and Off Peak 6.7c/kWh.
For residential customers in Victoria, the time of use (TOU) FiT will pay varying rates that better reflect demand on the grid at different times of the day. Currently, you have a choice of either the single rate FiT or a TOU FiT.
^Rates are GST exclusive. We’ll pay you GST if you’re a business customer registered for GST and provide us with your Australian Business Number (ABN). Our rates will generally be adjusted annually, and we’ll notify you in advance when this happens.
Your solar FiT is an add-on to your plan, which means the rates are not fixed. This is explained in EnergyAustralia’s ‘Terms and Conditions’ and in the ‘Welcome Pack’ that is either posted or emailed out to you once you have signed up to one of our plans.
As more households and businesses have rooftop solar, there’s an over-supply of solar generation. Usually, solar generation is at its highest when demand for electricity from the National Electricity Market is at its lowest during the day (usually between 9am and 3pm). This over-supply of solar generation during this time pushes down the wholesale cost of electricity and helps regulators decide regulated or recommended minimum benchmark prices for FiTs.
In Victoria, the Essential Services Commission (ESC) sets the minimum solar FiT that energy retailers pay customers to send their solar power back to the grid. The minimum FiT changes each year due to changes in wholesale electricity prices. Our FiT prices are currently higher than the minimum regulated FiT set by the ESC. You can find these in the Victorian section of the table under ‘What are the current EnergyAustralia feed-in tariff prices?’
In NSW, the Independent Pricing and Regulatory Tribunal (IPART) recommends solar FiT benchmarks to provide a guide to customers about what their solar exports are worth. This benchmark is expected to stay lower in line with reduced wholesale prices.
In NSW, electricity retailers are not required to set a feed-in tariff within IPART’s benchmark range, however we are offering our customers a feed-in tariff that is 38% higher than IPART’s benchmark rate. The benchmark rate is 5.5c per kWh max and our FiT is 7.6c per kWh.
Some energy retailers do have plans with solar FiTs that are higher than ours. Many of these plans have other conditions like:
- Electricity rates that aren’t fixed and may be changed during the life of your plan
- They may have low or no discounts on the electricity usage rates
- Higher FiT prices may be linked exclusively to the purchase of a solar power system
We don’t require you to commit to a plan with potentially higher rates or lower discounts in order to get higher FiTs. Best of all there’s no locked contracts and you can change plans at any time.
Our ‘Better Energy’ blog has tips on how to reduce your energy bills, like the latest on solar, using battery storage and more.
There are two main types of rebates that customers with solar power can be eligible for:
Small-scale Technology Certificates (STCs)
STCs are electronic certificates created when eligible solar power systems or solar water heaters are installed.
Governments may offer rebates to support solar panel installations. To find out more, check out your state government website to see if there are any government rebates currently available.