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. 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 into the grid. And depending on the FiT rate, there are usually some decent savings to be made.
Anyway, you’re here to find deals that unlock the most value out of your solar investment, and with so much competition right now, we don’t blame you. But enough chit chat, let’s show you the best solar feed-in tariffs NSW has to offer.
Who has the best solar feed-in tariff in NSW?
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. ReAmped Energy has the second highest feed-in tariff at 21c/kWh, while AGL offers 17c/kWh. Amaysim Energy and Click Energy are also competitive, offering 16c/kWh apiece.
Compare NSW Solar Plans
Here are some of the cheapest solar-specific deals from the retailers on our database. These costs are based on the Ausgrid network in Sydney but prices will vary depending on your circumstances. We show one product per retailer, listed in order of lowest price first. Annual price estimates assume general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Price estimates exclude solar feed-in tariff credits. This table includes products from referral partners†. Our database may not cover all deals in your area, and please check retailer websites for up to date information.
NSW Solar Feed-In Tariffs
Here are the solar feed-in tariffs in New South Wales, ranked in order of the highest FiT available. Some of these energy providers may not operate in all areas of NSW, and some FiTs may only apply when certain conditions are met. Be sure to check out each provider’s website for more information.
|Energy Provider||Minimum Feed-in Tariff (kWh)||Maximum Feed-in Tariff (kWh)|
|Bright Spark Power||9c||9c|
|Future X Power||4c||4c|
Feed-in tariffs are for residential customers on a single rate tariff in Sydney on the Ausgrid network. Accurate as of September 2020.
Who is the best solar energy provider?
Red Energy is currently rated the best solar power retailer in Australia, topping our annual customer satisfaction ratings for solar energy providers this year. The Australian-owned company scored five stars across many research categories, including customer service, bill & cost clarity, ease of sign up, environmental sustainability and overall satisfaction.
Are solar-specific plans always available?
Some energy retailers offer solar-specific plans for customers looking to maximise returns on their solar systems, however these are not always publicly available. It could be a short-term promotion or it may be a case where customers must purchase an eligible system through an energy retailer’s third-party solar installation company.
Energy rates or feed-in tariff: What’s more important?
There’s no point in having solar panels only to realise the electricity plan you’re on is cactus. While feed-in tariffs will make a difference to your power bills if you’re generating enough electricity to feed back into the grid, you should still be wary of the rates you’re paying. All electricity plans have usage and supply charges, which are the underlying rates you pay for consuming power as well as having energy supplied to your address.
Get into a habit of checking the energy rates on all plans, regardless of how high the feed-in tariff might be. If your solar system isn’t producing enough exportable power, you may find that an energy plan with inflated base rates will cancel out any guarantees of a credit on your next bill. Conversely, if your solar PV system is exporting plenty of power, you may be able to justify paying higher electricity rates in exchange for a high FiT. Ultimately it will come down to your personal needs and situation.
How do I know what my solar feed-in tariff is?
Your solar feed-in tariff will be located on your last energy bill or statement. It should be listed under the summary of charges which is normally found on the second page of your bill. This section should outline your feed-in tariff (per kWh), how much electricity you’ve exported (i.e. 2,000kWh), as well as the amount of money you’ll have deducted off your bill.
Alternatively, check the energy price fact sheets of your plan, as all power companies must provide these documents. This sheet contains all the fees, charges and rates you’ll be paying. Unfortunately, some retailers make these documents harder to find than others, but as a general rule of thumb, they’re normally found at the bottom of each retailer’s website.
Is there a minimum feed-in tariff in NSW?
While there’s no set minimum feed-in tariff rate in NSW, there is a benchmark range of 8.5c to 10.4c/kWh, according to Energy NSW. Unlike Victoria where there is a minimum FiT of 10.2c/kWh, solar customers in NSW will have to pay extra attention to a plan’s FiT rate or risk signing up to a dud deal.
Is solar worth it in NSW?
Moving one step off the grid in NSW can be made possible by installing solar, and is a great way for households to become more self-sufficient. However, unlocking value from a solar system usually takes time, so don’t expect a return on your investment overnight. With PV systems costing well into the thousands, it’s incredibly important you do your homework.
Just like it’s equally important to review energy prices frequently, regardless if you have solar or not. This way you stay on top of the latest deals in your area.
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