Over 86,912 households in Queensland have solar panels. Solar feed-in tariffs were first introduced as a measure to encourage more people to adopt solar energy. Today, several residents use feed-in tariffs to earn passive income by sending surplus energy back to the grid.
Before you choose an energy retailer, it’s essential to understand the best solar feed-in tariff qld.
Find out if there are any tariff-related government regulations associated with feed-in tariffs and study the terms and conditions put forward by different retailers. The amount of credit you receive will vary based on the solar power system type, the benchmark rates in your state, and the amount of surplus energy you send back to the grid.
Some energy retailers even offer a much higher credit rate than the government rates or
other benchmark rates. There are several questions solar power users should ask their
energy retailers regarding solar feed-in tariffs.
What are the Different Types of Tariffs Available?
Choose between single-rate tariffs and time-varying feed-in rate tariffs. If you choose a time-varying feed-in rate tariff, you will earn higher rates for the power you send back to the grid during peak hours. However, you earn the same rate with single-rate tariffs no matter how you export power back to the grid.
If you plan to earn significant income from solar power generation, it’s best to go for
time-varying feed-in tariffs. Check what kinds of feed-in tariffs energy retailers offer to
find the best solar feed-in tariff in QLD.
What are the Tariff Rates?
The mandatory rate for solar feed-in tariffs in QLD is around 6.583 cents per kWh. The QCA (Queensland Competition Authority) determines this rate. Energy suppliers usually treat this rate as the base rate or benchmark rate for feed-in tariffs.
It’s best to go with an energy retailer that offers higher rates than this base rate. Check
the exact rate offered by the suppliers to find the best one.
How Much Surplus Power Will You Generate?
Before you sign up for solar feed-in tariffs, it’s crucial to know how much surplus energy you generate. It’s recommended you work with solar power experts to find out exactly how much power you will generate from your panels.
Also, consider factors like your location, the peak usage times, and other similar factors while trying to estimate your surplus power generation.
Does the Energy Retailer Offer Support Services?
Check if the energy retailers you plan to use offer additional support services. If they do, get an understanding of what services they plan to offer. You may need maintenance and other services associated with generating solar power and sending it to the grid.
Are You Eligible for Feed-In Tariffs?
You will need an ”on-grid” solar PV system or on-grid renewable energy generator to be eligible for solar feed-in tariffs. In some cases, the energy retailer may insist you use solar panels that they provide for energy generation.
A reliable energy comparison website can help you understand different energy retailers and tariff rates in your location. Check the minimum and maximum credits offered by different retailers in QLD to make an informed choice.