State-based feed-in tariff schemes: Some states in Australia also offer feed-in tariff schemes, which provide additional financial incentives for excess solar energy generated by residential and commercial solar systems. Under these schemes, solar system owners can receive credits or payments for the excess solar energy they export back to the grid. The rates and conditions of these feed-in tariffs vary by state and are subject to change.

April 7, 2024by Luke0

For example, in Victoria, the feed-in tariff rate is currently set at around 10-12 cents per kilowatt-hour for residential Solar PV systems. In New South Wales, the feed-in tariff rate is around 6-8 cents per kilowatt-hour. These rates are reviewed periodically by the state government and may be adjusted based on market conditions and policy objectives.

Feed-in tariff schemes are designed to incentivize Solar system owners to feed their excess energy back into the grid, thereby promoting renewable energy generation and helping reduce greenhouse gas emissions. These schemes can also help offset the cost of installing and maintaining a Solar system, making Solar energy more affordable for consumers.

It’s important for Solar system owners to familiarize themselves with the specific feed-in tariff scheme in their state and understand the terms and conditions associated with it. By taking advantage of these incentives, Solar system owners can maximize the financial benefits of their Solar investment and contribute to a more sustainable energy future.

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