When it comes to solar power, you’ll be:
1. Generating power that you use
2. Using power that you didn’t generate
3. Generating power that you don’t use!
Generating the power you use is probably why you chose solar in the first place: you get to create and use your own energy.
Using power that you didn't generate is for when you are using more electricity than you are creating and that use is charged to you on your bill at the general electricity rates. This charge is different to the feed-in-tariff rate (which we talk about next), because it takes into account all the costs involved in generating and distributing the electricity (which you don’t have when you generate power at home). Imagine if you had to put in and maintain the network to send the power back to us!
Generating power that you don’t use is where you can make money back from the electricity that you generate and that comes off your bill. This amount is shown on your bill as a credit* and is calculated based on a feed-in-tariff (FiT) rate.
Feed-in-tariff rates are set by the independent Tasmanian Economic Regulator each year.
The FiT you receive depends on the size of your solar system, and whether you are a business or residential customer.
It also depends on whether you receive the Standard Feed-in-Tariff, or were previously eligible for the Transitional FiT rate (often referred to as the Legacy Feed-in-Tariff), which includes a ‘transitional rate’ until the end of 2019. (NB: if you change of name of the account holder, or there are any changes to the system itself, you will no longer be eligible to receive the transitional FiT rate.)
Standard FiT residential customers
|Standard FiT customers Standard tariff (X4I) – 140||
* Quarterly bills with estimated readings will result in zero kWh displayed in your feed in credits. Don’t worry, you won’t lose the credits as you’ll see them the next time a true reading is obtained at your home.
1 July 2019 to 30 June 2020**
**Rates will be reset by the Regulator on 1 July 2020.
Transitional FiT residential customers
|Transitional FiT residential customers||This rate applies to all regulated residential customers that previously held the Legacy feed-in (X1I) – 110) for a solar system installed or approved before 31 August 2013.||9.347 cents/kWh Plus a transitional supplement of 5 cents/kWh|
- * Quarterly bills with estimated readings will result in zero kWh displayed in your feed in credits. Don’t worry, you won’t lose the credits as you’ll see them the next time a true reading is obtained at your home.
- 1 January 2019 to 30 June 2019**
**Rates will be reset by the Regulator on 1 July 2019.
Non-Qualifying feed-in (X6I) – 160: (for customers with a solar system too large to qualify for X4I/140). If you have this tariff, please contact us on 1300 13 2003 (Monday - Friday, 8am-6pm) to discuss your FiT rate.
State Growth’s Feed in Tariff Review and FAQs
Visit the Regulator website to learn more about how the Regulator sets the feed-in tariff.
Thinking about getting solar but don't know where to start? Let us explain the process!