When your solar system sends unused energy back to the grid, you’ll receive credit known as a solar ‘feed-in tariff (FiT).’ The rate paid is usually set per kilowatt hour of energy exported and is shown as a credit on your energy bills.
Types of feed-in tariffs in South Australia
There are two types of FiTs, which one you fall under depends on what date your system was connected to the main electricity grid.
- Retailer feed-in tariff: This is usually available to anyone with a solar PV system who consumes less than 160 megawatt hours of electricity a year and meets relevant Australian safety standards.
- Distributor feed-in tariff: Known as the solar feed-in scheme, this is only available for eligible solar PV systems that were connected to the grid before 30 September 2011.
The South Australian Government has a fantastic tool that allows solar users to check which feed-in tariff applies to their personal circumstance.
How much you can earn with solar feed-in tariffs
Depending on your energy provider, the solar FiT you receive can range anywhere from 8c per kWh to 23c per kWh.
South Australia recently had a surge in FiT rates with most energy providers offering at least 15c per kWh. You can compare energy provider FiTs with this handy resource.
Is solar energy a good investment?
With South Australia’s surge in FiTs, now is a great time to install solar. By reducing your dependence on the grid, you can save money on your energy bill and recover the cost of your solar system.
Additionally, South Australian customers can save up to $6,000 on the cost of a solar battery through the South Australian Home Battery Scheme. There’s no better time to install solar than now!
To determine if solar is right for you, give us a call on 1300 70 71 72 for a free consultation with a SouthAus Solar specialist.