A Feed-in Tariff is a reimbursement of surplus power from your solar power system which is fed back into the grid. Your solar power system can reduce or cancel out your electricity payments with the use of feed-in tariffs. In some cases, your solar system can even earn you money.
Solar power feed-in tariff
Your feed-in tariff is set by your electricity retailer, however, the Queensland government Solar Bonus Scheme sets a minimum of 8 cents per kWh* of electricity fed back into the grid. Some retailers offer an increased rate to entice customers to buy and sell with them. These rates can vary greatly so shopping around to find out what you are eligible for with your specific solar power system is a very sound practice.
What to look for when signing up for solar power in Brisbane
The Clean Energy Council has some tips on what to ask your electricity retailer when investigating who to sign up with.
- What price will they pay for your electricity (in cents per kWh)?
- What is the cost of the electricity you purchase from them (in cents per kWh)?
- Will I lose my off-peak rates once my meter has been changed? Will this be replaced with a time-of-use (TOU) tariff?
- Are you signed onto a premium feed-in tariff or a standard feed-in tariff?
- What will be the form of payment for the electricity you produce?
- What will be the form of payment for surplus electricity you product?
- Penalty or termination clauses
- Billing periods
- Meter requirements
For more information see our Solar Electricity page or give us a call on .
* This rate is set to conclude on 1 July 2014.