Solar FiT | BY Vimal
Searching for the best solar feed-in tariffs (FiT) South Australia has to offer? Or are you thinking of going solar? Well, we’ve got just the thing for you!
South Australians have some of the most expensive electricity rates across Australia. So, it’s no surprise to learn that 1 in 3 households in SA power their homes with solar energy.
Looking to compare solar feed-in tariff (FiT) rates? Phone Electricity Monster on 1300 232 848 to speak with one of our energy experts and let’s get the ball rolling today!
The table below is our compiled list of all the electricity retailers available to residential customers in South Australia. We have ranked the electricity retailers based on alphabetical order.
Solar Feed-in Tariffs – SA
|Retailer||Minimum Feed-In Tariff (kWh)||Maximum Feed-In Tariff (kWh)|
|DC Power Co||7.5c||7.5c|
|Future X Power||4c||4c|
Solar Feed-In Tariffs – What are they?
A solar feed-in tariff is a credit you receive from your electricity retailer for the excess energy your solar system produces.
The excess solar energy is exported back into the electricity grid, and you receive this payment in the form of a credit reduction on your electricity bill.
Electricity retailers offer this solar feed-in tariff at a rate of a few cents per kilowatt hour (kWh).
You must consume your generated electricity instantly. Unless you own a solar battery, the excess electricity feeds back into the grid.
Solar feed-in tariffs are a very sound incentive to get Australians to switch energy providers or go solar.
How does it work?
Now that you’ve got the hang of what a solar FiT is, let’s have a look at how solar energy works!
It all starts with your solar panels. Your solar panels have photovoltaic (PV) cells which absorb the solar rays the sun emits. The photovoltaic cells generate Direct Current (DC) electricity through the photovoltaic effect.
But that’s not it! The DC electricity converts into Alternating Current (AC) electricity via your inverter. The AC electricity is the usable form of electricity needed to power your household’s electrical appliances.
Now that you’ve got the electricity, the switchboard provides the flow of electricity from the inverter to your appliances. Also, the switchboard directs the excess electricity back into the grid for a feed-in tariff.
Having a smart (bi-directional) meter facilitates this process while also measuring the electricity exported to the grid and back.
Important things to consider!
So when looking at a solar plan, should you just be looking at the feed-in tariff (FiT)? Or should you also be checking the plans’ electricity rate?
Electricity retailers can sometimes offer a sweet solar feed-in tariff rate, only to mask a high electricity rate.
So picking the right solar plan is not always as easy as choosing a plan with a high solar feed-in tariff.
It’s subject to how you use your electricity!
A high solar feed-in tariff may be more suitable for a household that exports most of the energy produced by their solar power system back into the grid. But for a household that buys more electricity from the grid than what their solar power system produces, a sharper electricity rate and a moderate solar feed-in tariff may be more effective.
Contemplating between a high solar feed-in tariff rate or a sharper electricity rate? Want Fast, Free and Fair advice on which solar feed-in tariff would best suit your needs? Dial us on 1300 232 848 for a friendly chat with our team of energy experts who’ll help sort you out! What are you waiting for? Call now!
Best Feed-In Tariff – SA
In the table below, we’ve compiled a list of the top 4 solar feed-in tariff rates available in SA. We have analysed and ranked the energy retailers based on their Maximum Feed-in Tariff.
|Retailer||Minimum Feed-In Tariff (kWh)||Maximum Feed-In Tariff (kWh)|
How good is a 50c/kWh feed-in tariff?
Wow! What a scorchin’ 50 cents per kWh feed-in tariff from Social Energy! But to be eligible, you must purchase a Duracell battery through one of Social Energy’s partners.
But if you don’t have a Duracell battery, you’ll still get a fantastic FiT of 40c/kWh.
To access these rates, customers will need to have installed a solar and home battery that’s compatible with Social Energy.
Just one more thing! Both these rates are capped at 300kWh per quarter. After which, a 10.75c/kWh standard feed-in rate will apply until the next quarter.
Origin Energy vs ReAmped Energy!
Well well well, why are we not surprised to see this electricity retailer topping our charts of the best solar feed-in tariffs in South Australia.
Origin Energy is coming in with a red hot solar feed-in rate of 21 cents per kilowatt hour (kWh).
Hold on! This solar feed-in rate only applies if you purchase and install your solar panels through Origin Energy.
But suppose you’re already a solar owner and would like to make the switch to Origin Energy. In that case, you’ll still be able to access a decent solar feed-in tariff rate of 13 cents per kWh.
Coming in next in a tight race for the top spot is ReAmped Energy, with a stunning solar FiT.
ReAmped Energy’s solar plan includes a competitive feed-in rate of 19 cents per kWh.
This attractive solar feed-in rate only applies to the first 5 kWh daily. After which, the solar FiT rate reverts to 5 cents per kilowatt hour (kWh).
All in all, not a bad solar FiT from ReAmped Energy!
Minimum Feed-In Tariff – What is that?
A minimum feed-in tariff (FiT) is the lowest cents per kWh rate that electricity retailers are obligated to offer residential solar customers.
Since the beginning of 2017, it was decided that there would no longer be a minimum solar feed-in rate that electricity retailers in South Australia would be required to pay.
So with no preset minimum solar FiT rate, customers with solar must be extra careful when it comes to choosing electricity plans. It’s to make sure they are receiving a reasonable solar FiT rate.
Our Final Thoughts on Solar Energy – What’s Next?
Well, there you have it! You asked, and we delivered!
We’ve given you the whole rundown on all the solar feed-in tariffs(FiT) available to residential customers in South Australia.
Now that you’ve got the info on solar power, what are you going to do?
An electricity plan with a high solar feed-in tariff rate may look very appealing. Still, it may not necessarily help you maximise the full potential of your solar power system.
Remember; It comes down to how you use your electricity!
A high feed-in tariff may be better suited for a household that exports the majority of the energy generated by their photovoltaic (PV) system. A sharper electricity rate and moderate feed-in tariff may best suit a household that purchases most of the electricity they consume.
Still not sure if a high solar FiT or sharp electricity rate is the best option for you? Give us a FREE call on 1300 232 848 for a friendly chat with one of our energy experts who’ll help you find a rate that best suits you. Take all the hassle away and call us today!
Important points to note are:
- Feed-in tariffs are for residential customers on a single rate tariff in Adelaide on the South Australian Power Network. *Social Energy’s high feed-in tariff is available if a customer purchases a Duracell battery through the retailers’ partners and if their solar and battery system is compatible with the retailers’ system. Also, the high feed-in rate is capped at 300kWh each quarter.*Origin Energy’s higher feed-in tariff only available when a customer purchases solar system through the associated energy retailer. *ReAmped Energy’s higher feed-in tariff only applies to the first 5 kWh per day.
- Some plans may require you to meet certain conditions before a discount becomes available to you. Check the energy provider’s plan information for details of all possible discounts that may apply and any conditions that need to be met to be eligible for these discounts. Consider the provider’s detailed product and pricing information before making a decision to take out a new plan or switch electricity providers.
- All FIT information is based on the Price Fact Sheets taken from the respective retailers’ websites.
- The information in this blog cannot substitute for legal advice. No financial decisions should be made based on information from this blog.
- This data is accurate as of 14/01/2021