Solar power is swiftly becoming one of the most chosen sources of electricity among Aussies as people are becoming more interested in causing less pollution and damage to the planet. The energy providers in the country are also offering lucrative deals on the usage of solar power like solar bonus schemes and rebates on installation to the users. People can not only save on electricity bills but use it as an investment to earn a rebate on their electricity bills. You can know about the rebate rates of various electricity providers in Australia and compare them before you choose the best-suited one for your home or business.
What is a solar feed-in tariff?
A solar is feed-in tariff is the price that electricity providers in Australia pay to the consumers who put energy back into the grid. Many households and small businesses in Australia generate a small amount of electricity using solar panels. They can put some energy back to the grid after consumption and receive a small amount of rebate on their next bill. The rebate is calculated per kilowatt-hour (kWh) they export. You can reduce your electricity bills by regularly contributing to the power supply by exporting some of the powers that you have generated with your solar panels.
Solar Plans with Feed-In Tariffs differ based on the state. Most electricity providers in the country offer competitive feed-in tariffs to attract customers. Some of them even provide various products for consumers who have solar panels. With the help of Econnex, consumers can easily compare the feed-in tariffs across leading energy providers in the country and find the best energy provider in Australia.
What are feed-in tariff rates?
The feed-in tariffs in Australia depend on the retailers that provide electricity. Mostly they offer a rate from 6c/kWh to 30c/kWh. In some areas, the consumers may receive better feed-in tariffs around 40c/kWh.
The rate of the feed-in tariff depends on the energy providers, distribution network, and the state. Higher feed-in tariffs do not always mean better deals. Sometimes electricity providers offer huge feed-in tariffs in exchange for higher electricity rates and lower discounts. The best energy provider offers special deals like higher feed-in tariffs and discounts to their customers.
Feed-in tariffs while renting
People often wonder if they are entitled to feed-in tariffs when they rent a house with solar panels. The answer is yes. You are eligible to receive the feed-in tariff offered by your electricity provider when you export power to the grid from the solar panels installed in your rented home.
You need to have a separate electricity meter if you are in an apartment or complex. That way your solar power exports can be measured easily. Just read the rental agreement of your house or apartment to make sure there is no clause that prevents you from claiming the feed-in benefits.
How to sign up for a feed-in tariff?
To sign up to get feed-in tariffs, the first thing that you need to do is to have solar panels. There are size requirements in different states. You need to find out about them before you set up solar panels. Next, you need to apply for feed-in tariffs to your energy provider. Fill out all the paperwork given by them and you are all set to receive the FiT. Go for the best energy provider to gain maximum ROI.
You can find your ideal electricity provider through comparison platforms that give you detailed information on the FiT rates and discounts. You can choose a profitable and with their help.