There’s been a great deal of coverage about some solar feed in tariffs (FiTs) ending in Australia soon. Below is a summary regarding who will be affected, when and how; plus links to further information and recommended action guides.
Some of the commentary that has appeared online recently makes it sound as though all solar feed in tariffs are going the way of the dodo. However, it’s just specific programs in several states that are ending – some of the legacy incentives.
There will still be payments made to participants for electricity exported after these programs end, albeit at a significantly reduced rate – and that will have a significant impact on participants’ power bills.
The first to face reductions will be Group 4 participants in South Australia. This consists of households with solar power systems that became eligible between 1 October 2011 and 30 September 2013, and who had an import/export meter installed by midnight 29 January 2014.
Group 4 participants have been receiving a rate of 16c per kilowatt hour for surplus electricity exported. This 16c payment will end September 30 this year. After that time, Group 4 participants will be eligible for the standard feed in tariff rate of (currently) 6.8c per kilowatt hour.
Learn more: SA Group 4 Solar Feed In Tariff Guide.
New South Wales
In New South Wales, there will be much more of an impact on affected solar power system owners.
The ~140,000 participants who joined the Solar Bonus Scheme prior to May 2011 have been receiving either 60c or 20c per kilowatt hour for all electricity generated.
The Solar Bonus Scheme feed in tariff will end on December 31, 2016 and the new rates will be as little as 4.7-8c per kWh on average; and only payable on surplus electricity exported. There is also an added complication as meter changeovers will be necessary in most cases.
Learn more: NSW – Solar Bonus Scheme Impacts And Action Plan.
The Victorian Transitional Feed In Tariff (TFIT) was the successor to the Premium Feed-in Tariff in 2011 and closed to new participants at the end of December in 2012. The TFIT pays solar power system owners a minimum of 25 cents per kilowatt hour for surplus electricity exported to the mains grid.
The 25c feed in tariff will cease on December 31, 2016 and participants will then receive as little as 5c kW/hr.
Learn more: Post- TFIT Guide And Recommendations.
If you’re affected by solar feed in tariff changes and would like some personalised advice; contact our friendly, expert team on 133-SUN or via our contact form.
Read more about current solar feed in tariff rates throughout Australia.