{"id":59341,"date":"2022-02-28T05:33:08","date_gmt":"2022-02-27T19:03:08","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=59341"},"modified":"2023-11-22T15:46:43","modified_gmt":"2023-11-22T06:16:43","slug":"vic-feed-in-tariff-2223-mb2372","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-2223-mb2372\/","title":{"rendered":"Another Haircut For Victoria’s Solar Feed-In Tariff"},"content":{"rendered":"

\"Victoria's<\/p>\n

Maximising solar energy self-consumption will become even more attractive in Victoria, with a lower minimum solar feed-in tariff kicking in from July 1.<\/p>\n

Last Thursday, the state’s Essential Services Commission published its final decision on the minimum feed-in tariff rates electricity retailers must pay from 1 July 2022.\u00a0The minimum single rate feed-in tariff for Victoria<\/a> in 2022\u201323 will be 5.2 cents per kilowatt- hour, down from 6.7 cents in 2021\/22. There are also reductions in minimum time varying rates.<\/p>\n

Daytime wholesale power prices in Victoria have been at their lowest level for many years thanks to renewables – including rooftop solar systems – and decreasing wholesale electricity costs are largely responsible for the reduction says the ESC.<\/p>\n

Solar Energy Self-Consumption And Comparing Retailers<\/h2>\n

It’s been the case for quite a while now that the real value from solar panels lies in maximising self-consumption, as the price paid for mains grid electricity use is much higher than what is received for exporting surplus solar energy.<\/p>\n

\u201cThe key is to tailor your consumption to be using your solar power at peak times, rather than the mains power,\u201d said<\/a> ESC pricing director Marcus Crudden.<\/p><\/blockquote>\n

Mr. Crudden also stressed the new rates are *minimum*. Electricity retailers can, and often do, offer more. The current minimum rate is\u00a0 6.7 cents, but some retailers are currently offering up to 11.7c.<\/p>\n

\u201cWe encourage customers to shop around when deciding on a retailer offering feed-in tariff rates and to consider their energy consumption and generation,\u201d he said.<\/p><\/blockquote>\n

A higher feed-in tariff is only one part of the equation in what makes a good solar plan. SolarQuotes can help take some of the confusion and time out of finding a good electricity plan with our electricity retailer plan comparison tool<\/a>.<\/p>\n

Solar Remains A Really Good Deal In Victoria<\/h2>\n

If you’re a Victorian considering installing solar and news of the upcoming feed-in tariff reduction has been a bit of a downer, bear in mind the bill-busting technology will remain a solid investment. Victorians also have an additional major incentive not available elsewhere in Australia.<\/p>\n

As well as the “solar rebate<\/a>” (actually an up-front subsidy) accessible nationally, there’s also the Victorian solar panel rebate<\/a> currently providing an additional subsidy of up to $1,400.<\/p>\n

Using SQ’s solar calculator<\/a> with a 5c feed-in tariff rate (so slightly lower than the new minimum) and the VIC rebate factored in indicates a solar system installation in Melbourne can achieve simple payback in just 6 years. Boost self-consumption and that time can be significantly shortened.<\/p>\n

As for choosing an installer<\/a>, there are plenty of good solar installers in Melbourne<\/a> and across the state to select from.<\/p>\n

Time To Buy A Home Battery?<\/h2>\n

For some existing solar owners, their thoughts may be turning to a home battery<\/a> purchase to squeeze more value from their systems. Victoria also has a battery rebate<\/a> available – and it’s also quite generous; up to $3,500. But one catch is you must not have already received a rebate as an owner-occupier under the Solar Homes Program; and many Victorians have.<\/p>\n

Solar battery prices<\/a> still have some way to drop before they’ll be within the reach of many households without – or even with – access to a rebate. So, again, boosting self-consumption and choosing a good solar plan is the best way to maximise value.<\/p>\n

By the way, you can use the calculator linked above for working out if a battery makes financial sense in your situation.<\/p>\n

What About VPPs?<\/h2>\n

A Virtual Power Plant (VPP) is an arrangement where batteries installed at various premises are virtually aggregated to create a resource controlled by a central operator. The operator can charge the batteries in time of low electricity demand and high surplus solar energy, and discharge them to the grid when demand is high.<\/p>\n

A bunch of Virtual Power Plant programs have sprung up in Victoria offering deals<\/a> including cheaper batteries. Solar Victoria recently also began offering a ~$600 boost to the Victorian battery rebate for those eligible to encourage greater VPP uptake. This only applies to VPP programs Solar Victoria has approved under its pilot program.<\/p>\n

While a cheaper battery might be very attractive, it’s wise to first learn more about Virtual Power Plants and the pros and cons of joining a VPP<\/a> before signing on the dotted line. And on the topic of residential energy storage generally, check out SolarQuotes founder Finn’s 101 guides<\/a> to understanding<\/a>, buying<\/a> and owning<\/a> a solar battery.<\/p>\n

Related:<\/b> Australian solar subsidies, rebates and incentives<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Maximising solar energy self-consumption will become even more attractive in Victoria, with a lower minimum solar feed-in tariff kicking in from July 1.<\/p>\n","protected":false},"author":17,"featured_media":59342,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-59341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nAnother Haircut For Victoria's Solar Feed-In Tariff - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Maximising solar energy self-consumption to become even more attractive in Victoria, with lower minimum feed-in tariffs kicking in from July.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-2223-mb2372\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another Haircut For Victoria's Solar Feed-In Tariff\" \/>\n<meta property=\"og:description\" content=\"Maximising solar energy self-consumption to become even more attractive in Victoria, with lower minimum feed-in tariffs kicking in from July.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-2223-mb2372\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-27T19:03:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-22T06:16:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/victoria-solar-tariff.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-2223-mb2372\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-2223-mb2372\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Another Haircut For Victoria’s Solar Feed-In Tariff\",\"datePublished\":\"2022-02-27T19:03:08+00:00\",\"dateModified\":\"2023-11-22T06:16:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-2223-mb2372\/\"},\"wordCount\":753,\"commentCount\":5,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-2223-mb2372\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/victoria-solar-tariff.jpg\",\"articleSection\":[\"General Solar & Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-2223-mb2372\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-2223-mb2372\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-2223-mb2372\/\",\"name\":\"Another Haircut For Victoria's Solar Feed-In Tariff - 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Currently, the flat rate feed-in tariff in Victoria is set at 5.2 cents per kilowatt-hour minimum and minimum time-varying rates range from 5c to 7.1c, depending on the time of day\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar feed-in tariff rates in Victoria 2023\/24","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/02\/victoria-solar-tariff.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/02\/victoria-solar-tariff.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/02\/victoria-solar-tariff.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/02\/victoria-solar-tariff.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/02\/victoria-solar-tariff.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":47987,"url":"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-mb1897\/","url_meta":{"origin":59341,"position":1},"title":"Victorian Minimum Feed-in Tariff Rates Drop From July 1","author":"Michael Bloch","date":"March 1, 2021","format":false,"excerpt":"While Victoria's minimum feed in tariff rates will reduce from the beginning of July this year, solar panels will remain a solid investment. Renewable energy is pushing down wholesale electricity costs, which is great news. But this also puts downward pressure on solar feed in tariff (FiT) rates. In November\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Victoria solar feed in tariff","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/victoria-feed-in-tariff.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/victoria-feed-in-tariff.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/victoria-feed-in-tariff.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/victoria-feed-in-tariff.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/victoria-feed-in-tariff.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":56613,"url":"https:\/\/www.solarquotes.com.au\/blog\/vic-solar-tariff-2022-mb2260\/","url_meta":{"origin":59341,"position":2},"title":"Victoria’s Solar Feed-In Tariff Review","author":"Michael Bloch","date":"December 3, 2021","format":false,"excerpt":"Victoria's Essential Services Commission is reviewing the minimum solar feed-in tariff payable to system owners for the solar energy they export to the grid - and has released its draft decision. The ESC has decided on a (draft) minimum flat feed-in tariff of 5.2 cents per kilowatt hour from July\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Victoria feed-in tariff 2022\/23","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/fit-victoria-2022.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/fit-victoria-2022.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/fit-victoria-2022.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/fit-victoria-2022.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/fit-victoria-2022.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":44906,"url":"https:\/\/www.solarquotes.com.au\/blog\/feed-in-tariffs-vic-mb1766\/","url_meta":{"origin":59341,"position":3},"title":"Another Hit On The Horizon For Victorian Solar Feed-In Tariffs","author":"Michael Bloch","date":"November 18, 2020","format":false,"excerpt":"Proposed new minimum feed in tariff rates in Victoria will make maximising solar energy self-consumption even more attractive. Victoria's Essential Services Commission released its draft decision on minimum feed-in tariff rates from 1 July 2021 yesterday. To quickly rip the band-aid off: the proposed minimum single rate feed-in tariff (which\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Feed-in tariffs - Victoria","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/victoria-feed-in-tariff.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/victoria-feed-in-tariff.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/victoria-feed-in-tariff.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/victoria-feed-in-tariff.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/victoria-feed-in-tariff.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":69091,"url":"https:\/\/www.solarquotes.com.au\/blog\/victoria-home-solar-mb2763\/","url_meta":{"origin":59341,"position":4},"title":"Victoria Home Solar News Roundup\u00a0","author":"Michael Bloch","date":"December 22, 2022","format":false,"excerpt":"Residential solar systems installed in Victoria are getting bigger and battery rebates remain popular according to a Solar Homes industry update sent out yesterday. There's also news of another feed-in tariff reduction on the horizon. In his update, Solar Victoria CEO Stan Krpan noted some weeks in the last few\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Home solar power in Victoria","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/home-solar-victoria.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/home-solar-victoria.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/home-solar-victoria.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/home-solar-victoria.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/home-solar-victoria.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":19590,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-tariff-victoria-mb0485\/","url_meta":{"origin":59341,"position":5},"title":"Minimum 2018-19 Solar Feed In Tariffs Set For Victoria","author":"Michael Bloch","date":"March 1, 2018","format":false,"excerpt":"Victoria's Essential Services Commission has published its final decision for minimum solar feed-in tariffs to apply from July this year, which will see electricity retailers being able to pay a single rate or time varying tariffs to solar owners. The dual payment option model is to be a transitional arrangement,\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar feed in tariffs in Victoria","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/solar-feed-in-tariff-victoria.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/solar-feed-in-tariff-victoria.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/solar-feed-in-tariff-victoria.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/solar-feed-in-tariff-victoria.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/59341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=59341"}],"version-history":[{"count":3,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/59341\/revisions"}],"predecessor-version":[{"id":80129,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/59341\/revisions\/80129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/59342"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=59341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=59341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=59341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}