For example, in Victoria, the current minimum feed-in tariff rate is around 10 cents per kilowatt-hour, while in New South Wales, it can range from 6 to 20 cents per kilowatt-hour. These rates are typically lower than the retail electricity rates, so it is more beneficial to use the Solar electricity on-site rather than exporting it to the grid.
Feed-in tariffs can provide an additional income stream for Solar system owners and help offset the cost of installing and maintaining the system. They can also incentivize the adoption of Solar power and help reduce greenhouse gas emissions by promoting renewable energy generation.
It is important for Solar system owners to compare feed-in tariff rates offered by different retailers and choose the one that offers the best rate for their circumstances. Additionally, it is crucial to understand the terms and conditions of the feed-in tariff scheme, as some retailers may have restrictions on eligibility or payment structures.
Overall, feed-in tariffs can be a valuable incentive for Solar system owners to generate clean energy and contribute to a more sustainable future.
