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Solar feed-in tariffs (FiTs) are a way for households and businesses to get paid for the excess solar electricity they generate and feed back into the grid. In Tasmania, the state government sets the solar FiT and changes it periodically. As of 1 July 2022 – 30 June 2023, the solar FiT in Tasmania is at a rate of 8.883 cents per kilowatt-hour (kWh).
As of 1 July 2023 – 30 June 2024, the minimum feed-in tariff rate is 10.869 cents per kWh. According to the Regulator’s 2022 Regulated Feed-in Tariff Rate Determination, the feed-in tariff rate for 2023–24 is 22.4% higher than the rate for 2022–23.
The solar FiT in Tasmania is available to any household or business that generates electricity from a solar PV system connected to the grid.
To be eligible for the solar FIT in Tasmania, an individual or business must meet certain requirements. These include owning an eligible solar panel system connected to the grid and registering for the solar FIT program with the relevant authority.
Incentives and rebates
In addition to the solar FIT, many other financial incentives are available to individuals and businesses in Tasmania who choose to adopt solar energy. These incentives offset the upfront costs associated with installing a solar panel system and make it more financially viable for individuals and businesses to switch to renewable energy.
The solar FIT is just one part of Tasmania’s efforts to encourage the adoption of renewable energy and reduce the state’s reliance on fossil fuels. By providing financial incentives to individuals and businesses that generate their electricity from solar panels, the solar FIT helps to create a more sustainable and environmentally friendly energy system in Tasmania.
One of the benefits of solar FiT in Tasmania is that it is paid to households and businesses in addition to the savings they make on their electricity bills. This means households and businesses can effectively double their savings by generating electricity and selling the excess back to the grid.
The upfront cost of installing a solar panel system is also worth considering. While the solar FiT can help offset the cost of the system, it may still be a significant investment. It is important to research and compare quotes from different solar panel installers to find the best deal.
There are a few things to consider when deciding whether to take advantage of solar FiT in Tasmania. Firstly, it is important to understand your energy usage patterns and whether a solar panel system would be a suitable investment. This will depend on factors such as the size and orientation of your roof, the amount of sunlight your property receives, and your budget.
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 and let us discuss and choose the best quote that suits your needs and budget. Use our free solar quote system to get up to 3 free solar quotes from our network of trusted, local installers. Complete our quick quiz and begin your solar journey today!
Finally, the solar FiT in Tasmania is reviewed periodically, and the rate may change. While the FiT is currently set at a rate of 10.869 cents per kWh, it is important to keep an eye on any future changes and whether they would affect your decision to invest in a solar panel system.
The solar FiT in Tasmania is a great opportunity for households and businesses to generate their own clean, renewable energy and get paid for the excess they feed back into the grid. While there are upfront costs, the long-term financial and environmental benefits of going solar make it a worthwhile investment for many people in Tasmania.
Comparison by retailers
The table below lists major Tasmanian electricity retailers’ lowest and highest FiT tariffs.
|MIN SOALR FiT
|MAX SOLAR FiT
|SA MAJOR RETAILERS
|MIN SOLAR FiT
|MAX SOLAR FiT
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?
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UPDATED JANUARY 2024