Best Solar Feed-In Tariff NSW 2023

In this article, you'll find everything you need to know about solar feed in tariffs in NSW. From the top 10 best solar feed in tariffs to the top 3 solar plans, we’ve gathered the best of the best so you can find exactly what you need. Don’t get caught with a terrible feed in tariff. You could be missing out on a better rate than what you’re currently on. Give us a call now on 1300 232 848 as we can optimise your power bill, find you a fair deal on an energy plan, and more. Our energy experts are on standby waiting to help.

New South Wales boasts a large number of competitive plans with each offering enticing solar feed in tariffs. Choosing the right plan however, goes beyond just the feed in tariff, which is why we cover important features of each solar plan including incentives, variable and fixed rates, and more. Please note that plans are subject to change. Any questions regarding plan specifics should be directed toward the retailer. Want to see if we can get you a better deal on your electricity? Call us on 1300 232 848 now.

*New South Wales electricity rates are based on usage of 3911kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,827 / year. Click here for more information.

*New South Wales electricity rates are based on usage of 3911kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,827 / year. Click here for more information.

*New South Wales electricity rates are based on usage of 3911kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,827 / year. Click here for more information.

A solar feed in tariff is a rate that energy providers pay you for the excess energy produced by your solar system.

It doesn’t sound too bad, right?

The way solar power works is that it’s an energy source that needs to be used instantly. 

The excess electricity produced gets shared back into the grid for a feed in tariff. You receive this as a credit payment on your electricity bill.

The solar feed in tariff is a rate that pays out a few cents per kilowatt-hour of electricity.

Solar panels absorb the sun’s rays using their photovoltaic cells (PV) and produce electricity via the photovoltaic effect. 

The generated electricity is Direct Current (DC) and is not a usable form for your household’s electrical appliances. 

Here’s where your solar inverter comes in handy!

Your solar inverter converts Direct Current electricity (DC) into Alternating Current electricity (AC), which is suitable for your home appliances. 

The switchboard provides the flow of electricity to the appliances that require energy. 

Additionally, the switchboard also directs any unused energy your solar power system produces back into the grid, earning you a feed-in credit on your electricity bill in the process. 

This function is facilitated by installing a smart (bi-directional) meter that will simultaneously count the energy exported to and consumed from the grid.

If you were to choose a solar plan; Would you pick the one with a high or low feed-in tariff? 

The higher one, right?

But does that guarantee you more savings? Not necessarily.

Energy retailers may offer a solar plan with a high solar feed in tariff rate which is sure to catch your eye. But beware, as some of these plans might also have high electricity usage rates.

How do you know what solar feed-in tariff maximises your Return On Investment (ROI) and suits your electrical needs?

It depends on how you use your energy.

A solar plan with a higher feed-in tariff may be more beneficial to a household that exports a lot of excess energy. But for a household that relies heavily on energy from the grid, a sharper electricity rate and a moderate solar feed in tariff may be the answer. 

It may sound complicated but don’t worry, we can help. At Electricity Monster, our energy experts can help find you competitive solar feed in tariffs and an energy plan that not only suits your personal and financial needs, but at the best rate we have in our system – at no cost to you. It’s that simple. Phone us today at 1300 232 848 today and let us help you get a fair deal at a fair price. 

Yes you can, and we can help. Many Aussies are upgrading to a battery storage system to help offset the costs of purchasing energy directly from the grid. One common concern many solar owners have before upgrading is whether they can afford it. We recommend giving us a call at Electricity Monster as we can offer advice regarding your current solar power system as well as what modifications can be made.

If you’re looking to upgrade, a scheme known as the Empowering Homes Solar Battery Loan offer is available to eligible NSW residents. This offer is designed to help homeowners in eligible postcodes access interest-free loans for a solar battery system. If you want to learn more about this rebate and additional incentives you may qualify for, give us a call on 1300 232 848 now, and our energy experts will analyse your current solar system to determine what you qualify for.

By now, you should have a relatively decent understanding of solar energy and the feed in tariff rates that NSW electricity retailers have on offer. If you're interested in a solar system or installing solar panels, there's no better time than now.

Let’s not forget that a high solar feed-in tariff (FiT) is all well and good, but it may not necessarily give you the savings you were promised.

It’s all up to you! Choosing an electricity plan with a solar feed-in tariff depends on how you use your energy!

If you’re exporting enormous amounts of excess electricity to the grid, then the best option may be a plan with a higher feed-in rate. But for a household that buys more energy from the grid than it produces, a sharper energy rate and decent feed in tariff rate may prove to be more beneficial.

Well, there you have it. We’ve broken down everything you need to know about solar feed-in tariffs in NSW. Why not add FAST, FREE, and FAIR advice to that? At Electricity Monster, we’ll consider all factors and help you find a solar plan that suits your personal or professional needs. With over 135,000 Australians helped, we’re not only a brand you can trust, but we also have the experience to help you not only get a fair solar plan but also a competitive electricity & gas plan as well. Phone us at 1300 232 848 today.