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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 Australian Capital Territory (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.
Eligibility
Individuals and businesses must meet certain requirements to qualify. These include installing an eligible solar panel system on their property and connecting 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 at which 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.
Benefits
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, 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 cover the cost of energy-efficient improvements, such as insulation and double-glazed windows. It 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 from which to choose.
| RETAILERS | MIN SOALR FiT | MAX SOLAR FiT |
| Origin Energy | 9.0c | 12c (for first 14kWh/day10c/kWh thereafter)thereafter) |
| ActewAGL | 8.0c | 8.0c |
| EnergyAustralia | 5.0c | 10c (first 12kWh/day, 5c thereafter) |
| ACT MAJOR RETAILERS | MIN SOLAR FiT | MAX SOLAR FiT |
| Energy Locals | 0c | 7c (first 8kWh/day, 3c thereafter) |
| Amber Electric | 0c (estimated based on whole prices) | 0c (estimated based on whole prices) |
| Red Energy | 5.0c | 5.0c |
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 (kWh). If you’re not careful, the rate can be as low as 0 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 the solar feed-in tariff in ACT
- Australian Solar Feed-In Tariffs Information
- Solar Feed-in Tariff Comparison: Best Tariffs by State and Territory
- Feed-in Tariffs Keep Getting Lower: Is Solar Still Worth it in 2024?
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.
Contact us today, and we can connect you with our trusted local installers, who will provide up to 3 FREE solar quotes for your home and business solar energy system.
Switching to a better plan?
You may already have an energy plan but want more power or to shop for a better deal.
Energy Matters‘ “Free Energy Bill Comparator” is a cutting-edge energy bill tool that compares your area’s most competitive retail offers. We collect the data from our wide range of trusted retailers, allowing you to decide on the switching plan and find the best deal for your needs.
If your goal is to get more electricity and minimise the cost of your gas and electricity bills, switch to a better plan now!
Source: Essential Services Commission, Canstar Blue
