{"id":84589,"date":"2024-06-19T06:16:35","date_gmt":"2024-06-18T20:46:35","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=84589"},"modified":"2024-06-19T06:16:35","modified_gmt":"2024-06-18T20:46:35","slug":"tas-solar-tariff-mb2945","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/tas-solar-tariff-mb2945\/","title":{"rendered":"Tasmania’s Solar Feed In Tariff Takes A Hit"},"content":{"rendered":"

\"Tasmania<\/p>\n

While many Tasmanians shouldn’t experience as much electricity bill hip-pocket pain in the new financial year, those with solar panels will be receiving less for the electricity they export to the grid.<\/p>\n

With just a couple of weeks to go before the end of the financial year, Tasmania’s Economic Regulator has set standing offer electricity prices and minimum solar feed-in tariff rates from July 1.<\/p>\n

In terms of electricity supply and after a couple of years of significant price hikes, the Regulator has given the nod to an average increase of 0.50 per cent in regulated electricity tariffs for Tasmanian households and small businesses. But this increase will be more than offset by a state government $250 electricity bill relief rebate in 2024-25 for all households ($300 for small businesses). Added to this is the federal government’s rebate of $300 for households and $350 for small businesses.<\/p>\n

\u201cIn fact, as a result of combined state and federal energy bill relief measures, the average Tasmanian concession-holder can expect to see more than $1,000 shaved off their power bill this coming financial year,” said Tasmania’s Treasurer Michael Ferguson<\/a>.<\/p><\/blockquote>\n

There’s nothing Tasmanians need to do to get these rebates – the payments will be credited to their electricity accounts.<\/p>\n

So, that’s the good news. Now the not-so-good news.<\/p>\n

TAS Solar Feed-In Tariff Reduction<\/h2>\n

Currently, the minimum feed-in tariff rate in Tasmania<\/a> is 10.869 cents per kWh, which is the highest it has been for years. From 1 July 2024, the minimum feed-in tariff rate will drop to 8.935 cents per kWh – 17.8 per cent lower, but around the same as 2022\/23. The Economic Regulator says the lower rate is due to a decrease in wholesale electricity prices forecast for 2024-25.<\/p>\n

Here’s how Tassie’s solar feed-in tariff rates have tracked since 2016\/17.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0 Period<\/th>\n\u00a0c\/kWh<\/th>\n<\/tr>\n<\/thead>\n
2024\/25<\/td>\n8.935<\/td>\n<\/tr>\n
2023\/24<\/td>\n10.869<\/td>\n<\/tr>\n
2022\/23<\/td>\n8.883<\/td>\n<\/tr>\n
2021\/22<\/td>\n6.501<\/td>\n<\/tr>\n
2020\/21<\/td>\n8.471<\/td>\n<\/tr>\n
2019\/20<\/td>\n9.347<\/td>\n<\/tr>\n
2018\/19<\/td>\n8.541<\/td>\n<\/tr>\n
2017\/18<\/td>\n8.929<\/td>\n<\/tr>\n
2016\/17<\/td>\n6.671<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

\"Feed-in<\/p>\n

It used to be that Aurora Energy was the only electricity retailer in Tasmania, but now there’s six. It’s important to note that the 8.935c rate in the new financial year is the *minimum* electricity retailers can pay. They can offer more, although I noticed when comparing electricity retailers<\/a> in Tasmania yesterday that all are offering the minimum at the moment – but other aspects of their plans vary.<\/p>\n

As in other states, the real value from having a solar power system is avoiding expensive mains grid electricity, not in feed-in tariffs. Solar energy self-consumption is the name of the game and electricity bill rebates will take the sting out of the reduction.<\/p>\n

Based on results from SQ’s solar calculator<\/a>, a 10kW solar system installed in Hobart<\/a> on a 9c feed-in tariff should achieve simple payback in approximately 7.5 years. And that assumes a 1c per kWh annual decline in feed-in tariff until a floor of 6c per kWh is reached. Whether that will happen is anyone’s guess, and your own payback will vary depending on how much you pay for a system and your household’s energy consumption profile.<\/p>\n

While solar power systems can be pricier in Tasmania, a huge positive is system quality. Generally speaking, it’s probably the best in Australia thanks to all systems being inspected through a robust program run by the state’s Department of Justice. Solar cowboys aren’t welcome in the Apple Isle and those that set up shop usually don’t last too long.<\/p>\n","protected":false},"excerpt":{"rendered":"

While many Tasmanians shouldn’t experience as much electricity bill hip-pocket pain in the new financial year, those with solar panels will be receiving less for the electricity they export to the grid.<\/p>\n","protected":false},"author":17,"featured_media":84590,"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-84589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nTasmania's Solar Feed In Tariff Takes A Hit<\/title>\n<meta name=\"description\" content=\"Many Tasmanians should spend less on electricity in 2024\/25. 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Following in the footsteps of\u00a0 regional Queensland, SE QLD, SA and NSW,\u00a0 Victoria, and to a lesser degree Western Australia, Tasmanians will see electricity\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":"Electricity price rise in Tasmania","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/electricity-prices-tasmania.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/electricity-prices-tasmania.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/electricity-prices-tasmania.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/electricity-prices-tasmania.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/electricity-prices-tasmania.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":22719,"url":"https:\/\/www.solarquotes.com.au\/blog\/tasmania-solar-review-mb0657\/","url_meta":{"origin":84589,"position":1},"title":"Tasmania’s Solar Feed-In Tariff Review Kicks Off","author":"Michael Bloch","date":"July 9, 2018","format":false,"excerpt":"Solar owners and supporters in Tasmania have been invited to provide their feedback on the future of Tasmania's solar feed-in tariff. The Hodgman Liberal Government committed to review and reshape the state's solar feed-in tariff during the election campaign, with the results of a review to be implemented by 1\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":"Tasmania solar feed in tariff review","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/tasmania-solar-review.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/tasmania-solar-review.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/tasmania-solar-review.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/tasmania-solar-review.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":22986,"url":"https:\/\/www.solarquotes.com.au\/blog\/commercial-solar-tasmania-mb0678\/","url_meta":{"origin":84589,"position":2},"title":"831kW Commercial Solar Project In Tasmania Officially Opened","author":"Michael Bloch","date":"July 24, 2018","format":false,"excerpt":"One of Tasmania's largest commercial solar power projects has been completed and is ready to put a major dent in locally-owned freight company SRT Logistics' power bills. Installed under a solar PV pilot between Aurora Energy, Beon Energy Solutions and SRT Logistics, the 831kW project will generate more than 1\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":"Commercial solar project in Tasmania","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/commercial-solar-tasmania.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/commercial-solar-tasmania.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/commercial-solar-tasmania.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/commercial-solar-tasmania.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":62348,"url":"https:\/\/www.solarquotes.com.au\/blog\/regional-qld-electricity-fit-mb2496\/","url_meta":{"origin":84589,"position":3},"title":"Higher Power Prices, But Boosted Solar Feed-In Tariff For Regional QLD","author":"Michael Bloch","date":"June 1, 2022","format":false,"excerpt":"The Queensland Competition Authority delivered bad news for the state's regional residents and small businesses yesterday in the form of a significant jump in electricity costs. But there is some good news for solar power system owners. The QCA is charged with the task of setting regulated retail electricity prices\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":"Regional Queensland electricity prices","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/regional-qld-electricity.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/regional-qld-electricity.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/regional-qld-electricity.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/regional-qld-electricity.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/regional-qld-electricity.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":12735,"url":"https:\/\/www.solarquotes.com.au\/blog\/july-solar-feed-in-tariffs-mb0094\/","url_meta":{"origin":84589,"position":4},"title":"July Solar Feed-In Tariff Increase Roundup","author":"Michael Bloch","date":"June 26, 2017","format":false,"excerpt":"Other electricity retailers have announced solar feed in tariff increases since AGL's recent announcement - find out how much you could be getting for your solar power from July 2017. Last week, AGL set the ball rolling by announcing it would be boosting feed in tariffs by up to 140%,\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":"Australian solar feed in tariff increases","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/06\/solar-feed-in-tariff-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/06\/solar-feed-in-tariff-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/06\/solar-feed-in-tariff-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/06\/solar-feed-in-tariff-australia.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":11696,"url":"https:\/\/www.solarquotes.com.au\/blog\/when-electricity-price-hikes-dont-improve-the-economics-of-batteries\/","url_meta":{"origin":84589,"position":5},"title":"When Electricity Price Hikes Don’t Improve The Economics Of Batteries","author":"Ronald Brakels","date":"May 30, 2017","format":false,"excerpt":"I've already written on how electricity prices are set to rise substantially. Because Australians will soon have to shell out like an evicted hermit crab when it comes to grid power, both the good and bad mainstream media are declaring\u00a0that rising power costs make buying batteries more attractive. Unfortunately for\u2026","rel":"","context":"In "Electricity Prices"","block_context":{"text":"Electricity Prices","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/electricity-prices\/"},"img":{"alt_text":"batteries and bills","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/05\/comparison_scales.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/05\/comparison_scales.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/05\/comparison_scales.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/84589","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=84589"}],"version-history":[{"count":12,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/84589\/revisions"}],"predecessor-version":[{"id":84603,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/84589\/revisions\/84603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/84590"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=84589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=84589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=84589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}