Best Electricity Tariff For Solar Panels

It s usually a set rate per kilowatt hour and paid as a credit on electricity bills.

Best electricity tariff for solar panels.

The way to save the most money with solar on a low solar feed in tariff is to focus on solar self consumption basically using your solar energy as it is produced. Note that the best price may not always represent the best deal for you such as in cases where you are required to also be a customer of the supplier. The best electricity plan for solar owners has a balance of high feed in tariffs low usage tariffs and low daily charges. Simply put unless you have a solar battery any solar power produced by solar panels must be immediately used or it will feed into the shared electricity grid for other properties to use.

Like a tiny power station any extra energy generated through your solar panels that you don t use can be sold back into the grid at the feed in tariff rate. They chose brands that had been financed on a non recourse basis by several banks over several different projects greater than 1 5 megawatts in size. Eligible customers can be paid a solar feed in tariff with any of our electricity plans. Solar feed in tariffs fit are the payment made to solar owners for the energy they generate and send back into the grid.

The feed in tariffs fit scheme is a government programme that pays you for energy you generate and export to the national grid. At the time of this publication we found that origin energy has the best solar feed in tariff in nsw where eligible customers can get 22 cents per kilowatt hour c kwh for feeding electricity back into the grid. Their current export tariff called smarter export offers its customers 5 6p per kwh metered export making it the current best value export tariff for solar exporters it is worth noting that it is a variable rate which means you can expect fluctuations based on market conditions. Your electricity retailer will not count the units of energy that you self consume depending on your metering setup all they see is what you end up drawing from the.

New applications to the fit scheme closed on 1 april 2019 and in january 2020 it was replaced by the smart export guarantee seg scheme. Who has the best solar feed in tariff in nsw. Compare feed in tariffs and usage costs by electricity retailer. Social energy is top of our league table and for good reason too.

But enough chit chat let s show you the best solar feed in tariffs nsw has to offer. Our league table will help you understand your choices and who has the best offer for prosumers. 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. However households that have an eligible system in place to generate their own electricity from renewable or low carbon.

Which suppliers will offer you the best price for your surplus solar power.