The 10 Best Solar Feed-In Tariffs in Queensland 2023-24

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Queensland is often called the Sunshine State for a good reason. It gets about 300 sunny days each year and 8 to 9 hours of sunshine daily, making it an ideal place for using solar power. Installing solar panels at home helps the environment and is a smart financial move. By generating your solar energy, you can reduce your expensive electricity bills and decrease your reliance on the grid. Many people in Queensland find that they can produce enough energy to cover their household needs and even earn extra cash by selling excess power back to the grid through solar feed-in tariffs. With government rebates and incentives available, the initial cost of installing solar panels has never been more affordable. It’s an investment that pays for itself over time while helping you lower your carbon footprint and contribute to the environment. So, why not take advantage of the Queensland sunshine and start saving today?

In this comprehensive guide, we will explore the best solar feed in tariffs in QLD, key factors to consider, and the top solar providers for 2023-24.

Understanding Solar Feed In Tariffs QLD

Understanding Solar Feed-In Tariffs in QLD

Embracing solar energy while living in Queensland is an open-arm opportunity that allows you to meet your daily needs, and your wallet breathes a sigh of relief. Understanding the fundamentals of feed-in tariffs is your first step in moving towards this milestone. From the nitty-gritty details to explaining what FTs are, the most important thing is to understand the maximum and minimum rates of feed in tariffs  QLD. Also, understand its financial mechanism and operability.

  • Minimum Solar Feed In Tariff QLD

A minimum feed-in tariff is the lowest rate of energy that an energy retailer is legally obligated to pay solar panel owners for the surplus electricity they generate. Acting as a baseline, the minimum FiTs are typically set by government regulations or energy regulatory authorities, providing a guaranteed rate for solar system owners.

  • Maximum Solar Feed In Tariff QLD

The maximum feed-in tariff represents the highest rate of energy that energy retailers pay to solar energy producers for the excess electricity they feed back to the grid. This rate is determined by market factors, including supply and demand dynamics.

Understanding the best solar feed in tariff QLD is essential; it dictates how much you earn for the excess energy your solar panels generate.

How Does A Solar Feed In Tariff in QLD Work?

How Does Solar Feed-In Tariff Work

If you are considering solar energy, then understanding how the solar feed-in tariff works is crucial – it directly affects your potential earnings and overall financial benefits.

In essence, solar feed in tariffs QLD are the rate per kWh that your electricity provider pays you for any solar energy you generate and do not use.  The excess energy you produce is fed back into the grid to be distributed in the National Electricity Market (NEM). 

This process happens automatically, and your utility meter tracks the excess amount of electricity you have contributed. The utility company calculates your payment based on the excess electricity you’ve supplied to the grid. This calculation is done at the agreed-upon Feed-In Tariff rate, which is the rate per kilowatt-hour (kWh) that the utility company pays you for the surplus electricity.

Depending on your electricity provider, the payment is typically provided as a credit on your electricity bill or as a separate payment. There are also government incentives to enhance your financial benefits. Queensland’s commitment to sustainability shines through its Solar Rebate QLD scheme, offering generous incentives to homeowners who embrace solar energy solutions, making the transition to clean energy a financially viable choice.

 

Best Solar Feed-In Tariffs QLD 2023-24: Your Go-To Local Options

The Best Solar Plans in QLD 2023: Your Go-To Local Options

With a grasp of how feed-in tariffs work, it’s time to explore the top players in Queensland offering the best solar plan for 2023-24. This will help you to make informed decisions tailored to your specific needs.

Retailer

Minimum FiT (c/kWh)

Maximum FiT (c/kWh)

Energy Australia 6.60c 15.00c
AGL  5.00c 15.00c
Origin Energy  2.00c 12.00c
GloBird 5.00c 11.00c
Energy Locals 10.70c 10.70c
Alinta Energy 8.00c 8.00c
Simply Energy 7.00c 7.00
OVO Energy 0.00c 7.00c
Sumo Energy 6.00c 6.00c
Dodo  5.00c 5.00c

The Top Three Solar Feed in Energy Providers in QLD for 2023-24

Choosing the right solar plan in Queensland involves more than just finding the highest FiT rate. Thanks to the solar rebate in Queensland, it’s now easier and more affordable than ever to invest in solar energy. Here’s a breakdown of the top FiTs available this year.

Retailer Plan Solar Feed-in Tariff (c/kWh) Rebates
AGL Residential Solar Savers 15 c/kWh for the first 10 kWh/day, then 5 c/kWh $45.00
Origin Energy Solar Boost  12 c/kWh (up to 14 kWh/day), then 5 c/kWh $36.00
EnergyAustralia Solar Max 12 c/kWh for the first 15 kWh/day, then 6.6 c/kWh $36.00

1. AGL – Residential Solar Savers (Rank #1)

AGL’s Residential Solar Savers plan in Queensland offers a high solar feed-in tariff (FiT). You get 15 cents per kWh for the first 10 kWh of energy you export to the grid each day. After that, the rate drops to 5 cents per kWh. This means households with high solar generation can earn an estimated monthly rebate of $45.00.

  • Lock-In Contract and Exit Fees: AGL’s Residential Solar Savers plan has a 12-month contract, so you can count on stable rates for a year. The plan allows you to leave without any fees if you find a better deal or if your energy needs change. Many solar households choose this plan because of its competitive rates and flexible contracts.

2. Origin Energy – Solar Boost (Rank #2)

Origin Energy’s Solar Boost plan pays 12 cents per kWh for solar energy exported up to 14 kWh per day. If you export more, the rate drops to 5 cents per kWh. This plan is good for households with consistent solar energy generation. You can expect around a $36.00 monthly rebate with this plan, making it a strong choice for those looking for good rates and flexibility.

  • Lock-In Contract and Exit Fees: Origin’s Solar Boost plan doesn’t have lock-in contracts or exit fees. This means you can switch plans or providers without any penalties. It gives you the flexibility to always get the best deal available.

3. EnergyAustralia – Solar Max (Rank #3)

EnergyAustralia’s Solar Max plan has a competitive feed-in tariff. You’ll get 12 cents per kWh for the first 15 kWh you export to the grid every day. After that, the rate drops to 6.6 cents per kWh. This plan is great for households with high solar production because it gives you a slightly higher threshold before the lower rate applies. This can lead to an estimated monthly rebate of $36.00.

  • Lock-In Contract and Exit Fees: The Solar Max plan doesn’t require a contract and has no exit fees, giving you flexibility similar to Origin Energy’s Solar Boost plan. This makes it a great choice to avoid long-term commitments while benefiting from a strong feed-in tariff.

Are you looking for the best solar feed in tariffs in qld?

While major providers like AGL, Origin Energy, and EnergyAustralia are well-known, don’t overlook the smaller retailers. Companies like Red Energy, ReAmped Energy, and Alinta Energy offer competitive rates to supercharge your solar savings. If you prefer flexibility, check out GloBird Energy and Powershop for plans with no lock-in contracts. Don’t miss out on the opportunity to earn more from your excess energy – explore these hidden gems and find the best value for your solar investment.

Hand holding light bulb with power plug and show trees, renewable energy icons with sustainable development.

How FiTs Work in Queensland

Feed-in tariffs are payments made by electricity retailers to solar customers for the excess electricity their solar panels export back to the grid. However, there are differences in how FiTs work across the state:

South East Queensland (SEQ):

  • Retailer-Set FiTs: In SEQ, which includes Brisbane, the Gold Coast, the Sunshine Coast, and other surrounding areas, feed-in tariffs are not regulated by the government. Instead, electricity retailers set their own FiT rates. This means you can shop around and compare different retailers to find the best feed-in tariff for your solar exports.
  • Competitive Market: Because SEQ has a competitive energy market, rates can vary between providers, with some offering higher FiTs to attract solar customers.

Regional Queensland:

  • Government-Regulated FiTs: The Queensland government regulates FiTs in regional and remote areas of Queensland (outside of SEQ). This means the government sets a fixed rate that applies to all eligible solar customers in these areas. For the 2023-2024 period, the regulated feed-in tariff is set at 9.3 cents per kilowatt-hour (c/kWh).
  • Ergon Energy: In regional Queensland, Ergon Energy is typically the main electricity retailer, and they pay the regulated FiT rate to solar customers.

Why Should You Go for Solar?

Queensland is blessed with an abundance of sunshine throughout the year. With more sunny days than any other state in Australia, harnessing solar power in Queensland is highly effective and reliable. Here’s some of the benefits of going solar in Queensland:

  • Use natural resources, i.e., the, Queensland sun, to significantly reduce your dependence on conventional electricity.
  • Opting for solar energy also reduces your carbon footprint. Solar energy systems that produce no greenhouse gases are a sustainable choice for the eco-conscious.
  • Queensland government offers various incentives and QLD solar rebates to encourage the adoption of solar energy.
  • The installation of solar panels is a substantial long-term saving on your electricity bills that reduces your reliance on the grid.
  • Through feed-in tariff programmes, you can earn credits by selling your excess electricity back to the grid.
  • Solar energy provides a degree of energy independence while increasing your property value in the real estate market.

Maximise Your Solar Investment

Maximize Your Solar Investment

  • Optimise Energy Consumption: optimise your energy consumption by analysing your usage patterns and adjusting accordingly. Align your use of high-energy appliances with peak sunlight hours during the day when your solar panels are generating the most power. 
  • Regular Maintenance: Ensure your solar panels are well maintained and clean from dust and debris. This ensures maximum sunlight absorption.
  • Energy-Efficient Appliances: invest in energy-efficient appliances and lighting. Use LED-bulbs and  energy-efficient appliances with smart home technology that consumes less electricity and allows you to make the most of your solar-generated power.
  • Battery Storage Systems: use a battery storage system that stores excess energy generated during the day for use during the night. It maximises your energy independence and ensures a stable power supply.
  • Government Rebates and Incentives: Make sure to have a closer look at the latest government rebates and incentives. Take advantage of programmes that offer financial support for upgrading your solar system. The QLD solar rebate programme encourages homeowners to embrace renewable energy, offering financial incentives for installing solar panels.

Wrap Up

As we draw the curtains on this exploration of the best feed in tariff QLD 2023-24, it’s evident that Queenslanders are perfectly placed to take advantage of solar energy. With long sunny days, the Queensland solar rebate and a wide range of electricity providers offering solar feed in tariffs, solar power has never been more accessible. If you’d like to reduce your carbon footprint and save on your energy bills, get in touch for expert advice on how to get started.

Important Note: All the rates, plans and offers stated in this article are subject to change at the provider’s discretion and might not be updated after the publish date unless stated otherwise. We try our best to update all the rates mentioned in our blogs as soon as possible. All articles updated will have the update dates mentioned. Thank you for your patience!

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