Solar Power Portal Feed In Tariff

Feed in tariffs fit were launched on the 1st of april 2010.

Solar power portal feed in tariff.

The energy regulator ofgem administers the feed in tariffs scheme but your electricity supplier makes fits payments. Solar and battery power. There are three ways you can benefit from feed in tariffs. A solar feed in tariff is a credit you receive for excess solar power that your system generates and exports back to the grid 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.

The tariff rates are adjusted annually by the percentage increase or decrease in the retail price index over the 12 month period ending on 31 december of the previous year. Conversely customers with small solar systems or a storage battery probably won t export much solar to the grid and should focus on cheap electricity. Eligible customers can be paid a solar feed in tariff with any of our electricity plans. Hydro systems and some other renewable technology types.

Each year ipart an independent regulator in nsw sets a. A solar feed in tariff is a payment you get for the excess electricity produced by your system which is fed back into the grid. This is part of the government funded feed in tariff fit program and is an element of the uk s overall effort in meeting eu 2020 renewable. The rate is set per kilowatt hour kwh and the amount paid varies between retailers.

It s usually a set rate per kilowatt hour and paid as a credit on electricity bills. 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. Feed in tariff rates feed in tariff rates. A bigger feed in tariff may also be attractive for households that are hardly home during the working day to use their solar power and consequently have most of it exported to the energy grid.

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. Find out how to apply. To cut a long story short solar feed in tariffs fits are similar to the return and earn scheme in new south wales where people return containers in exchange for a refund. What are feed in tariffs.

However instead of being refunded cash feed in tariffs allow households to get credits on their power bills in exchange for exporting any leftover electricity back.