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Solar Feed-in Tariffs (FiTs) are government-mandated programs that require electricity retailers to purchase excess electricity generated by solar PV systems from their customers at a guaranteed rate. FiTs aims to encourage the adoption of renewable energy sources, such as solar power, by providing financial incentives for individuals and businesses to install solar panels on their property.
The ACT solar feed-in rate is not regulated, unlike in other states such as Victoria. It is a voluntary scheme that is up to the ACT’s electricity retailers.
Individuals and businesses must meet certain requirements to qualify. These include having an eligible solar panel system installed on their property and connected to the grid. The size of the solar panel system must also be appropriate for the size of the property and the amount of electricity being consumed.
The ACT government determines the rate electricity retailers purchase excess solar energy. The rate is reviewed periodically to ensure that it remains fair and reasonable for both consumers and electricity retailers.
One of the main benefits of the solar feed in tariff is that it provides a financial incentive for individuals and businesses to invest in renewable energy technologies. Individuals and businesses can offset the cost of installing solar panels and other renewable energy systems by earning credits on their electricity bills for the excess solar energy they generate.
The feed in tariff is an important step towards increasing the use of renewable energy in the ACT and promoting a more sustainable future. It provides a financial incentive for individuals and businesses to invest in renewable energy technologies while helping the environment and reducing reliance on fossil fuels.
Incentives and rebates
The ACT government also incentivises individuals and businesses to switch to hybrid or electric vehicles. These incentives include rebates on purchasing or leasing electric or hybrid vehicles and access to dedicated charging stations and other support services.
Another incentive the ACT government offers is the Energy Efficiency Improvement Scheme (EEIS). The EEIS provides financial assistance to households and businesses to help cover the cost of energy-efficient improvements, such as insulation and double-glazed windows. The EEIS aims to reduce energy consumption and greenhouse gas emissions in the ACT.
Check out our page to learn more about incentives and rebates in Australia.
Comparison by retailers
After years of ActewAGL’s monopoly, Canberra residents now have a variety of electricity retailers to choose from.
|RETAILERS||MIN SOALR FiT||MAX SOLAR FiT|
|Nectr||0c||4.4c (first 10kWh/day)|
|ActewAGL||8c||12c (for first 15kWh/day, 8c/kWh after that)|
|ACT MAJOR RETAILERS||MIN SOLAR FiT||MAX SOLAR FiT|
|Origin||8.0c||20c (must purchase a solar system through Origin that’s under 7kW)|
Fortunately, ACT electricity suppliers compete fiercely, so expect a solar feed-in tariff to be quoted. The average feed-in credit is approximately 7 cents per kilowatt hour. If you’re not careful, the rate can be as low as 3 cents per kilowatt hour, with other companies offering little more than 7 cents. As always, while shopping for electricity retailers, it’s important to compare the terms of the offer, not just the feed-in tariff.
Read more about solar feed in tariff
Energy Matters has over 17 years of experience in the solar industry and has helped over 40,000 Australian households in their journey to energy independence.
Switching to a better plan?
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UPDATED FEBRUARY 2023