Solar Feed-in Tariffs (FiTs) are government-mandated programs that require electricity retailers to purchase excess electricity generated by solar PV systems from their customers at a guaranteed rate. FiTs aims to encourage the adoption of renewable energy sources, such as solar power, by providing financial incentives for individuals and businesses to install solar panels on their property.
The Australian Capital Territory (ACT) solar feed-in rate is not regulated, unlike in other states such as Victoria. It is a voluntary scheme that is up to the ACT’s electricity retailers.
On this page
Eligibility
Individuals and businesses must meet certain requirements to qualify. These include installing an eligible solar panel system on their property and connecting to the grid. The size of the solar panel system must also be appropriate for the size of the property and the amount of electricity being consumed.
The ACT government determines the rate at which electricity retailers purchase excess solar energy. The rate is reviewed periodically to ensure that it remains fair and reasonable for both consumers and electricity retailers.
Benefits
One of the main benefits of the solar feed-in tariff is that it provides a financial incentive for individuals and businesses to invest in renewable energy technologies. Individuals and businesses can offset the cost of installing solar panels and other renewable energy systems by earning credits on their electricity bills for the excess solar energy they generate.
The feed-in tariff is an important step towards increasing the use of renewable energy in the ACT and promoting a more sustainable future. It provides a financial incentive for individuals and businesses to invest in renewable energy technologies while helping the environment and reducing reliance on fossil fuels.
Comparison by retailers
After years of ActewAGL’s monopoly, Canberra residents now have a variety of electricity retailers from which to choose.
Fortunately, ACT electricity suppliers compete fiercely, so expect a solar feed-in tariff to be quoted. The average feed-in credit is approximately 7 cents per kilowatt-hour (kWh). If you’re not careful, the rate can be as low as 0 cents per kilowatt hour, with other companies offering little more than 7 cents. As always, while shopping for electricity retailers, it’s important to compare the terms of the offer, not just the feed-in tariff.
Energy Matters is one of Australia’s most trusted solar quotes due to our high customer satisfaction and industry recommendations. Our team of solar experts can help you get up to 3 FREE solar quotes from pre-qualified and vetted solar firms in your area. Let’s harness the power of the sun together!
Read more about feed-in tariffs in ACT
Switching to a better plan?
You may already have an energy plan but want more power or to shop for a better deal.
Energy Matters‘ “Free Energy Bill Comparator” is a cutting-edge energy bill tool that compares your area’s most competitive retail offers. We collect the data from our wide range of trusted retailers, allowing you to decide on the switching plan and find the best deal for your needs.
If your goal is to get more electricity and minimise the cost of your gas and electricity bills, switch to a better plan now!
