More renewable energy will help reduce Victoria’s bills and pollution — it is moving towards that. In 2024, homes with solar systems can secure a variety of feed in tariffs (FiTs.) When you generate more electricity than you need, a FiT is what energy retailers will pay you for the excess energy that your system sends back into the grid.
The FiT has two rates: a flat rate and time-varying Estimates. You are paid a rate per kWh (kilowatt-hour), whether it is the middle of the night or if your roof is in direct line with the summer sun.
Which FiT you select will rely on the location and how much energy your solar panels produce. Opting for the right plan could reduce your energy bills and get the best out of your system for everybody. Regardless of whether you are only beginning on rooftop solar or have your system currently, the options available to you in Victoria will help you save money and bea step closer to having a greener future.
Why Choose a Higher Solar Feed In Tariff in Victoria?
Solar Feed In Tariff (FiT) is the payment you get from your electricity provider when you produce more renewable energy than you consume, and it is fed back into the grid. Each energy provider gives different FiTs which are basically the rebates you get to your later bills. Often, the energy you will return can lower or even free up your electricity bills.
FiTs encourage clean energy use and help reduce carbon emissions. Energy providers in Victoria set their rates for the electricity you export. These payments reward solar users while promoting environmental benefits.
Energy rates, on the other hand, are what you pay per kilowatt-hour (kWh) for the power you use. These rates vary based on your location, provider, usage, and the time of day. FiTs focus on rewarding renewable energy, while energy rates cover your consumption costs.
Solar Feed In Tariffs vs. Energy Rates
- Feed-In Tariffs (FiTs): When you make more electricity than you use, a FiT is what energy companies pay you. This payment is for the extra energy your system sends back to the grid.
- Energy Rates: The price you pay for electricity per kWh. These rates depend on where you live, your provider, and how much and when you use power.
While FiTs reward renewable energy generation, energy rates reflect the cost of electricity for everyday use. Both play important roles in managing your energy and reducing your bills.
Comparing Feed-In Tariffs and Energy Rates
Feed in tariffs Victoria (FiTs) are payments to the owners of renewable energy systems like solar panels for the extra energy they feed back into the grid. This helps clean energy, reduces carbon emissions and supports the grid. FiTs are calculated on the surplus energy generated and are higher to encourage renewable energy investment.
Energy rates are the cost to consumers for the energy they use, charged per kilowatt hour (kWh). These rates cover production, infrastructure and maintenance costs and apply to all energy used, regardless of source. FiTs pay for excess renewable energy, energy rates pay for energy from the grid. Both have different roles but work together for energy use and sustainability.
Top 3 Solar Retailers in Victoria:
| Retailers | Plans | Solar Feed-in Tariffs (c/kWh) | Rebates |
| Origin Energy | Solar Boost | 5.4 | $16.20 |
| EnergyAustralia | Solar Max | 12 (first 15 kWh/day), 6.6 thereafter | $36.00 |
| AGL | Residential Solar Saver | 4.9 | $14.70 |
Solar Feed In Tariffs in Victoria
1. Origin Energy – Solar Boost
Origin Energy pays 5.4 cents per kilowatt-hour (kWh) for the energy your solar system sends to the grid. If you export 10 kWh daily, you can earn about $16.20 per month. No exit fees or contracts, so you can change plans when you need to. Easy peasy.
2. EnergyAustralia – Solar Max
EnergyAustralia’s Solar Max plan pays 12 cents per kWh for the first 15 kWh exported each day. Then 6.6 cents. If you export 10 kWh daily you can earn up to $36.00 per month. Month to month with no exit fees, so you can switch if you need to.
3. AGL – Residential Solar Saver
AGL pays 4.9 cents per kWh. If you export 10 kWh daily, that’s $14.70 per month. 12 month commitment but no exit fees, so you can leave if you need to. AGL is a well known energy provider, so this is a safe option.
Other Providers to Consider in Vic
Here are some smaller providers in Victoria with best feed in tariff victroria:
- Powershop: Good rates and all about renewables.
- Red Energy: Great customer service and renewable energy plans.
- Energy Locals: Competitive rates, no contracts.
- Amber Electric: Wholesale pricing, changing FiTs.
- OVO Energy: Simple plans, decent FiT rates.
- GloBird Energy: Straightforward plans, fair FiTs.
Smart Meters and Feed-In Tariffs in Victoria
Smart meters record how much power your solar system sends to the grid and how much power you use. They send this data to your energy provider automatically so you get accurate feed-in tariff payments.
Smart meters also work with time-varying FiTs which pay more during peak hours. In Victoria smart meters are required for new solar connections. If you don’t have one your energy provider can install it for free.
Using a smart meter with a good FiT plan will get you the most out of your solar.
Best Solar Rebates and FiTs in Victoria
Victorian Government Solar Homes Program gives $1,400 back rebates for solar panels. You can get a worthy no interest loan too, for the same quantity to assist with installation.
Get solar and save the environment. Smart meter + FiT+ good rebates and save.
Conclusion
Solar for Victoria is a great way to save and cut your energy bills with the feed-in tariffs, rebates and smart meters getting more the solar you can put back into your system.
Move In Connect makes it easy to compare energy providers and find the best solar feed in tariff victoria for you. If you are new to solar or looking to change plans, Moveinconnect can help you find a plan that suits your budget and usage.
