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Solar feed-in tariffs (FiTs) are financial incentives governments or utilities offer to encourage the adoption of solar energy. In the Northern Territory (NT) of Australia, FiTs are available to residential and commercial customers who generate their solar power and feed excess electricity back into the grid.
Eligibility
To be eligible for the NT FiT, customers must have a solar PV system installed by a licensed solar installer and meet certain technical requirements. The system must be grid-connected and have an approved net meter installed. The net meter measures the excess electricity generated by the solar panels fed back into the grid.
Customers who qualify for the NT FiT can receive payments for the excess electricity they generate and sell back to the grid.
Updates to the “Premium” Feed-in Tariff
Customers on the Premium feed-in tariff for four years or more will switch to the Standard feed-in tariff (9.13 cents per kilowatt hour inclusive of GST) as of July 1, 2022.
If you have been on the Premium feed-in tariff for less than four years, you will stay on your current feed-in tariff. However, after four years, you will no longer be eligible and will automatically be placed on the Standard feed-in tariff. A letter informing you of the date of the switch from Premium FiT to Standard FiT will be sent to you.
The premium feed-in tariff is 28.1117 cents per kilowatt hour (incl. GST) for residential customers and 32.7158 cents per kilowatt hour (incl. GST) for business customers.
The Northern Territory Government is updating its renewable energy subsidies to encourage investment in energy storage. Some Territorians currently earn the highest feed-in tariff in the nation, known as the Premium feed-in tariff. The NT government subsidised this to increase solar penetration, but this is no longer viable. New incentives are needed to support investment in solar battery storage and help the NT reach its 2030 target.
Source: Jacana Energy – Valid from 01/07/2023 – 30/06/2024
Incentives and rebates
The Northern Territory (NT) offers a range of incentives and rebates to encourage the adoption of energy-efficient technologies and practices. These programs are designed to help homeowners, businesses, and organisations save energy and reduce their carbon footprint.
One sample of the program available in the NT is the Home and Business Battery scheme, which is a subsidy of usable battery system capacity. The scheme is available to eligible homeowners and businesses.
In addition to these rebates, the NT also offers a range of incentives for electric vehicles (EVs). The EV rebate provides financial assistance to individuals and businesses who purchase or lease an EV in the NT. The rebate amount is based on the EV type and the vehicle’s intended use.
Are you ready to convert your next car to an electric vehicle (EV)? Schedule a test drive today!
NT has a range of incentives and rebates available to encourage the adoption of energy-efficient technologies and practices. These programs can help homeowners, businesses, and organisations save energy, reduce their carbon footprint, and save money on energy bills. If you are considering making energy efficient improvements to your home or business, research the available incentives and rebates in the NT.
Check out our page to learn more about incentives and rebates in Australia.
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Comparison by retailers
In the Northern Territory, only two retailers, Jacana Energy and Rimfire Energy, provide solar feed-in tariffs.
Rimfire Energy Electricity is the Northern Territory’s largest non-government electricity provider. While the government owns Jacana Energy, which serves the vast majority of residential consumers in Darwin and its surrounding areas (85,000 houses).
- Jacana Energy: The standard feed-in tariff is 9.13 cents per kilowatt hour (incl. GST) for residential and business customers.
- Rimfire Energy: The feed-in tariff is 12.1 cents per kilowatt hour (incl. GST) for residential and business customers. This is higher than the standard feed-in tariff offered by Jacana Energy.
Read more about solar feed-in tariff
- 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?
Switching to a better plan?
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UPDATED JANUARY 2024
