Mon-Fri 9AM to 8PM (AEST)Looking to find the right energy retailer that has the best feed in tariffs NSW (FiT)? In this guide, we will discuss the importance of solar power, understanding FiTs, and find the highest solar feed in tariff NSW. Let’s get straight into it.
Table of content
- Why Solar Power Matters?
- Understanding Feed-In Tariffs (FiTs)
- Best Solar Feed In Tariffs NSW
- How to Get the Best Solar Feed in Tariff NSW?
- Which is the Best Solar Energy Provider in Australia?
- Wrap Up
Why Does Solar Power Matter?
Australia has committed to a Renewable Energy Target (RET) to transition to renewable energy by 2050. Solar power will play a huge part in this transition. As well as commercial solar farms, residential solar panels can significantly reduce the overall amount of energy needed to be generated from fossil fuels.
As well as the environmental benefits, solar power can help reduce your power bills. During peak sunlight hours, the excess energy generated can be fed back into the grid, which earns FiTs. These are paid as credits to your electricity bills, which can lead to very low bills, or even no bills at all!
When researching the best solar plans NSW, it’s essential to consider both the initial setup costs and the long-term benefits of reduced energy bills and favourable feed-in tariffs.
Understanding Feed-In Tariffs (FiTs)
Feed-in tariffs can be puzzling sometimes. In simple words, they are the incentives offered to the solar panel owners if they want to sell access energy back to the grid. This opportunity does have a valuable impact on your savings. By understanding the nuances of these tariffs, one can transform solar energy into an affordable power source with the best solar plans NSW.
FiTs are essentially contracts between renewable energy producers and utilities or governments. Under the contract, the producers are paid for their electricity, which is then fed back into the grid. Here are some of the benefits of the feed-in tariff in NSW.
- Financial incentives make investing in solar energy systems economically viable.
- Finding the best feed in tariff NSW can significantly impact your energy savings and environmental footprint.
- An increase in solar installations contributes significantly to the overall renewable energy capacity of NSW.
- Boosts energy security and grid stability.
- Reduces carbon emissions and fosters sustainability.
Best Solar Feed-In Tariffs in NSW: The Options That Stand Out
In New South Wales the retail energy market is deregulated, as retailers are free to set their own highest solar feed-in tariff. These are the payments made to solar owners for the generated energy sent back into the grid. Here are the 15, highest solar feed in tariff NSW showing the details of the minimum and maximum FiTs available.
|
Retailer |
Minimum Feed-In Tariff (kWh) |
Maximum Feed-In Tariff (kWh) |
| Energy Australia |
7.60c |
15.00c |
| Origin |
2.00c |
12.00c |
| AGL |
1.00c |
15.00c |
| Powershop |
0.0c |
12.0c |
| GloBird Energy |
1.0c |
15.0c |
| ActewAGL |
8.0c |
15.0c |
| SimplyEnergy |
5.5c |
12.0c |
| Red Energy |
6.0c |
12.0c |
| OVO Energy |
0.0c |
10.0c |
| Momentum Energy |
0.0c |
7.0c |
| Sumo Energy |
5.50c |
8.00c |
| Energy Locals |
11.50c |
11.50c |
| Kogan Energy |
0c |
5c |
| Nectr |
0c |
4.4c |
| Alinta Energy |
6.7c |
6.7c |
How to Figure Out the Best Solar Feed in Tariff NSW?
Acquiring the best solar feed-in tariff (FiT) requires careful consideration and research. Here are a few things that are crucial to consider if you want to find the best solar feed in tariff NSW to suit your specific energy needs.
- Understand Your Energy Needs: Before getting into FiTs, access your household or business’s daily energy usage, as it helps you anticipate any increase in your energy usage.
- Research FiT Rates: Do some research and homework beforehand and compare FiT rates offered by several energy providers. Go for the provider that gives the best tariffs based on your location.
- Examine the Policies: Examine the contract terms closely. Pay attention to the duration of the contract, payment frequency, and other terms, if applicable.
Evaluate Your Solar System: Before getting into it, it is equally essential to consult with a solar expert and evaluate your solar system. It helps ensure maximum utilisation and benefits from the FiT. - Explore Incentives: Explore any available government incentives and rebates for installing solar systems. Also, check for the tax credits or deductions for solar installation.
- Pay Attention to Self-Consumption: Monitor the self-consumption of energy and explore systems that allow you to store excess energy in batteries.
- Review Your FiT Regularly: FiT rates fluctuate, therefore, keep yourself updated with the changes in FiT rates and policies.
Which is the Best Solar Energy Provider in NSW?
Determining the best solar energy plan in NSW heavily depends on individual requirements, preferences, and specific circumstances. Below we will discuss some of our favourite electricity providers based on the best solar tariff NSW.
customers on a single rate tariff can get 15 cents per kilowatt hour (c/kWh) for feeding electricity into the grid. AGL, GloBird Energy, and ActewAGL also have some of the best solar energy plans NSW.
The Origin Energy solar feed in tariff is recognised for its competitive rates, making it a preferred choice for many solar energy adopters in NSW. However, please note that CheapBills does not have Origin on its panel of energy service providers. If you want to explore their packages, please visit www.originenergy.com.au or give them a call at 13 24 61.
Wrap Up
The best solar feed in tariff isn’t just a number; it’s a gateway to a sustainable, affordable, and eco-friendly energy plan. Remember that unlocking value from a solar system doesn’t return investment overnight. Choose the right tariff and invest in solar panels for a brighter, cleaner future for generations to come. Review energy prices frequently and stay on top of the latest deals in your area.
