Solar feed-in tariffs
Feed-in tariffs allow solar panel owners to receive money for excess energy that they do not require. It is returned to the electrical grid and you receive a credit on your next electricity bill from your retailer.
Current feed-in tariff
The Victorian solar feed-in tariff has slowly reduced as the cost of buying a system has fallen, and is currently a minimum of 6.2c per kilowatt-hour contributed to the grid.
This means that if your solar panels generate 10kWh throughout the day that is unused, the owner will receive a credit of 62c.
Feeding power into the grid will reduce your bills by only 6.2c per kWh. Most consumers pay around 28c per kWh for their electricity, therefore drawing power from solar panels for free reduces your electricity bill by the far greater 28c per kWh.
The winning strategy
Maximise: Electricity consumption during the middle of the day (without exceeding what your panels produce).
Minimise: Energy usage in the morning and evening when you will be purchasing all your electricity from the grid.
Ensuring the solar system you purchase meets your needs without over-investing is crucial to enjoying a healthy return on your investment.
How does solar electricity work?
See how a basic solar panel system operates when connected to the electricity grid.
Enquire about solar
Our friendly staff members to make sense of feed-in tariffs and find the system that’s right for you.