Current Feed In Tariff For Solar Panels

A solar feed in tariff is a credit you receive for excess solar power that your system generates and exports back to the grid.

Current feed in tariff for solar panels.

Feed in tariff scheme the feed in tariffs fits scheme closed to new applications on 31 march 2019. Tariff rates are set by the department for business energy and industrial strategy beis. For an overview of the current incentives offered see our summary table below although the premium tariffs are no longer in place low solar pv system prices mean that they are no longer as important as they once were for solar to make. It s usually a set rate per kilowatt hour and paid as a credit on electricity bills.

Find out how to apply. Important information about fits closure and future applications. Please find the tariff tables for the current fit year below in the collapsible tables. A feed in tariff is a solar incentive that pays owners of distributed energy systems like solar a certain amount per unit of electricity sent to the grid.

For each kilowatt hour kwh of electricity that a household s solar system exports to the electricity grid that property will receive a feed in tariff of a few cents usually between 7 and 16 cents per kwh. A feed in tariff fit is a credit customers receive for any unused electricity that their solar power system sends back to the power grid. There have been many changes to feed in tariff legislation in all states and territories over the past few years. Eligible customers can be paid a solar feed in tariff with any of our electricity plans.

A feed in tariff is a payment you can get if you generate your own electricity eg with solar panels or a wind turbine and you can also sell energy back to the grid. The tariff rate tables for all installations have been determined and published in accordance with the feed in tariffs order 2012 as amended. Feed in tariffs are typically between 9 15c per kilowatt hour kwh but the rates vary in each state and are ultimately determined by your electricity retailer. They are often fixed price incentives that are locked in over a contract period of 10 to 20 years providing property owners with distributed generation a long term stable incentive.