Great news for Victoria! As of 1 July 2017, the solar feed-in tariff for households will officially be increased from 5c/kWh to a minimum of 11.3c/kWh. A feed-in tariff is a payment for electricity fed into the supply grid from a renewable energy source, such as a residential solar energy system.
The primary aim of solar feed-in tariffs is to encourage the adoption of renewable energy. In the past, consumers have felt short-changed by tariffs that do not accurately reflect wholesale electricity price increases and this news comes at a time when households are feeling the effects of recent electricity price hikes.There really has never been a better time to install solar for your home!
Australian Feed-In Tariffs by State
VIC – 5.0c changing to 11.3c !
SA – Varies
ACT – 6.0c – 7.5c
TAS – 6.67c
NT – Same as consumption rate
WA – Varies
QLD – 6.0c – 12c
NSW – 5.5 – 7.2c
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