What is the best solar feed-in tariff in Queensland?
What is the best solar feed-in tariff in Queensland?
Discover Energy
Discover Energy has the best solar feed-in tariff in Queensland at the time of publishing, with a generous 16 cents per kilowatt hour (kWh) on offer to eligible customers. The next best FiT rates come from AGL and Origin at 12c/kWh apiece, while Red Energy also offers 11.5c/kWh.
What is the feed-in tariff in Queensland?
For the 2020–21, the regional feed-in tariff is 7.861 cents per kilowatt hour.
What is premium feed-in tariff Qld?
The Queensland Government Solar Bonus Scheme (SBS) is now closed to new applicants. The SBS provides eligible customers with a payment for excess electricity generated and exported to the network. This payment is also known as a ‘feed-in tariff’.
What company has the best solar feed-in tariff?
Red Energy
Red Energy has the best solar feed-in tariff in NSW, where eligible customers on a single rate tariff can get 18 cents per kilowatt hour (c/kWh) for feeding electricity into the grid. Discover Energy also has one of the highest feed-in tariff rates at 16c/kWh, while AGL and Origin both offer a notable 12c/kWh.
How does Qld solar feed-in tariff work?
Energy produced by your solar power system is converted to electricity and used in your house. Any electricity that isn’t used can be exported to the electricity grid. If you live in South East Queensland, you may get a market feed-in tariff directly from your electricity retailer. …
Who is paying the highest solar feed-in tariff?
Red Energy has the best solar feed-in tariff in NSW, where eligible customers on a single rate tariff can get 18 cents per kilowatt hour (c/kWh) for feeding electricity into the grid. Discover Energy also has one of the highest feed-in tariff rates at 16c/kWh, while AGL and Origin both offer a notable 12c/kWh.
What is a premium feed-in tariff?
The premium, or bonus, solar feed-in tariff schemes were introduced by the state governments around a decade ago to incentivise people to get solar panels, back when rooftop solar was relatively new. The schemes rewarded solar owners with a high feed-in tariff for their solar exports.
How long does premium feed-in tariff last?
10 years
As the premium feed-in tariff rates are only payable for 10 years since the application date, the scheme ended between July 2020 and August 2021. While you will continue to receive REBS payments, it means you will be receiving significantly less for your exported solar energy.
What are the feed in tariffs in Queensland?
Unlike Queenslanders who live in the south-east on the Energex network, regional QLD customers on the Ergon Energy network have a minimum feed-in tariff rate of 7.861c/kWh. These rates are set by the Queensland Competition Authority (QCA), a governing body that also monitors retailer’s FiT rates in south east QLD.
How does feed in tariff work for business solar?
WATTever’s comprehensive electricity comparison makes it easy to get it right by including all this information for every retailer. High feed-in tariff on Business Solar Boost plan is limited to the first 14kWh exported per day. Lower rate applies above 14kWh. Feed-in tariffs drop back to standard feed-in tariffs at the end of the benefit period.
When does the QCA report on solar feed in tariff?
The QCA has been directed to monitor, and report annually, on solar feed-in tariff offers in SEQ. Our latest report, for 2019-20, was published in October 2020. In March 2013 we published a report on estimating a ‘fair and reasonable’ solar feed-in tariff in Queensland.
Do you have to pay GST on feed in energy?
Generally, homeowners don’t need to pay any GST on the income earned from the feed-in tariff. Your income will only be considered for GST when the total earnings from feed-in energy exceed $75,000 in a year. That is way above any household will ever earn from feeding back energy to the grid.