{"id":87344,"date":"2024-10-09T06:52:20","date_gmt":"2024-10-08T21:22:20","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=87344"},"modified":"2024-10-09T06:56:56","modified_gmt":"2024-10-08T21:26:56","slug":"vic-pfit-ending","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/vic-pfit-ending\/","title":{"rendered":"Time’s Up for Victoria’s 66c Feed-In-Tariff: What You Need To Know"},"content":{"rendered":"

\"\"<\/p>\n

Victoria’s Premium Feed-in Tariff (PFiT), once offering a hefty 66 cents per kilowatt-hour for excess solar power generated by systems installed between late 2009 and the end of 2011, is coming to an end.<\/p>\n

Bad news: Your feed-in tariff will drop 22X<\/h2>\n

From November 1, these solar pioneers will see their rate drop to just ~3 cents per kilowatt-hour, aligning with what other Victorian solar owners get for their surplus solar<\/a>.<\/p>\n

If your PFiT is about to end, you may want to upgrade your solar system to a bigger system that meets the latest safety and efficiency standards.<\/p>\n

In this blog, I\u2019ll explain why these upgrades make sense and how advances in technology can help you get more out of your solar.<\/p>\n

Bad news: Your consumption must shift<\/h2>\n

When you are getting 66c per kWh for exports and paying about half that for grid imports, the rational thing to do is export as much solar as possible.<\/p>\n

But from November, imports will be about 10x the value of exports, so your mindset needs to shift 180\u00ba.<\/p>\n

You need to use as much of your solar as possible. In energy-nerd speak – you need to start maximising self-consumption.<\/p>\n

That means shifting as many loads as possible to daytime: clothes washing, dishwashing, hot water not on a controlled load, heating, cooling, pool pumps, and EV charging.<\/p>\n

Good news: Modern solar is safer, cheaper\u00a0 and more efficient<\/h2>\n

Solar prices have dropped significantly since 2011. Expect to pay about $1,000 per kilowatt for a good system that is well-installed.<\/p>\n

In addition, if your existing system is over 10 years old, you may be eligible for the Victorian Solar Rebate, which will reduce the upfront cost by another $1,400.<\/p>\n

If you buy a new system today, it\u2019ll be safer, more reliable, and more efficient. Over the past 13 years, solar installation standards have improved greatly thanks to better technology, industry experience, and a stronger focus on safety. Modern systems must follow stricter electrical safety rules, and improved monitoring tools ensure your setup runs smoothly and safely.<\/p>\n

Good news: Your old solar won’t go to landfill<\/h2>\n

The Victorian Government banned e-waste from entering landfill in Victoria in 2019. As a member of an industry working group, I am actively involved in initiatives focused on the safe removal and reuse of second-hand solar panels.<\/p>\n

Case Study: A Before and After Upgrade<\/h2>\n

To illustrate the benefits of upgrading an outdated solar system, consider the Thompson family from South East Melbourne.<\/p>\n

Before the Upgrade:<\/h3>\n

The Thompsons installed 5kW over ten years ago. Over the years, their system’s performance deteriorated, particularly due to an older solar inverter<\/a> lacking monitoring.<\/p>\n

\"Old

Old \u2013 Inverter isolators. DC isolators have a top entry conduit asking for trouble, the origin of the conduit is an outdoor environment. AC isolator had a broken knob and would not operate.<\/p><\/div>\n

Complicating matters, their solar retailer had been out of business for five years, which led them to conduct a maintenance inspection in mid-2024.<\/p>\n

The inspection found cracked panels and degraded rooftop DC isolators, impairing system safety and efficiency.<\/p>\n

\"A

Old \u2013 Faded & brittle rooftop isolator, hot spots and a shattered panel in the background.<\/p><\/div>\n

Additionally, the inspection uncovered browning on the panels’ back sheets, a serious issue that could indicate potential fire hazards.<\/p>\n

\"A

Old\u2014Browning of back sheet. If not attended to, this will continue to degrade over time, potentially dangerously.<\/p><\/div>\n

This discovery highlighted the urgent need to take action.<\/p>\n

The Upgrade Process:<\/h3>\n

Recently, the Thompsons upgraded to an 8kW system with premium components. They selected a solar installer<\/a> with great reviews and runs on the board. They also selected a premium inverter offering easy-to-track monitoring and enhanced safety features, ensuring better support and reliability.<\/p>\n

\"A

A new inverter, including a T-shaped liquid draining device, will be used to prevent the DC conduit from funneling water directly into the inverter.<\/p><\/div>\n

After the Upgrade:<\/h3>\n

The new system has transformed their energy management, producing more electricity and incorporating advanced safety and monitoring technologies, greatly reducing the risk of electrical issues. This upgrade is expected to go close to fully covering their electricity needs, along with a change in usage habits to promote self-consumption.<\/p>\n

\"A

New \u2013 The new system looks great.<\/p><\/div>\n

Conclusion & Call to Action:<\/h2>\n

As demonstrated by the Thompson family’s experience, upgrading to a bigger, more advanced solar system with enhanced monitoring and safety can significantly improve your energy strategy and align you with Victoria’s growing trend towards solar self-consumption.<\/p>\n

If your Premium Feed-in Tariff<\/a> is ending next month, now is the time to consider your options. Don’t wait until it’s too late\u2014contact a reputable solar provider today to evaluate your system and explore the possibilities for an upgrade. No one wants to go back to paying big electricity bills.<\/p>\n","protected":false},"excerpt":{"rendered":"

Victoria’s Premium Feed-in Tariff (PFiT), once offering a hefty 66 cents per kilowatt-hour for excess solar power generated by systems installed between late 2009 and the end of 2011, is coming to an end.<\/p>\n","protected":false},"author":34,"featured_media":87429,"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":[636],"tags":[],"class_list":["post-87344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electricity-prices","entry"],"acf":[],"yoast_head":"\nTime's Up for Victoria's 66c Feed-In-Tariff: What You Need To Know<\/title>\n<meta name=\"description\" content=\"The 66c Premium Feed-in Tariff is ending in November, dropping closer to 3c. 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The single rate will be boosted,\u00a0 shoulder\/off-peak time-varying rates will be increased and the peak rate slashed. Single Rate Changes From 1 July this year, the minimum price Victoria\u2019s solar households will receive for\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 - 2019\/20","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/vic-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\/2019\/03\/vic-solar-tariff.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/vic-solar-tariff.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/vic-solar-tariff.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":19590,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-tariff-victoria-mb0485\/","url_meta":{"origin":87344,"position":1},"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":[]},{"id":47987,"url":"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-mb1897\/","url_meta":{"origin":87344,"position":2},"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":88780,"url":"https:\/\/www.solarquotes.com.au\/blog\/victoria-solar-tariff-2526-mb3093\/","url_meta":{"origin":87344,"position":3},"title":"Victoria’s Draft 2025\/26 Feed-In Tariff Rates: Brace Yourself","author":"Michael Bloch","date":"January 13, 2025","format":false,"excerpt":"Victoria's Essential Services Commission (ESC) released its draft decision on minimum solar feed in tariff rates for 2025\/26 on Friday - and system owners won't be happy. --- Update February 28, 2025: The ESC has published its final decision for minimum feed-in tariff rates for 2025\/26. Find out more here.\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 for 2025\/26","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/01\/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\/2025\/01\/victoria-solar-tariff.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/01\/victoria-solar-tariff.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/01\/victoria-solar-tariff.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/01\/victoria-solar-tariff.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":71753,"url":"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-mb2843\/","url_meta":{"origin":87344,"position":4},"title":"New Minimum VIC Solar Feed-In Tariffs Locked In","author":"Michael Bloch","date":"February 28, 2023","format":false,"excerpt":"Victoria's Essential Services Commission has published its final decision on minimum solar feed-in-tariff rates for the 2023-24 financial year. 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":56613,"url":"https:\/\/www.solarquotes.com.au\/blog\/vic-solar-tariff-2022-mb2260\/","url_meta":{"origin":87344,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/87344","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\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=87344"}],"version-history":[{"count":16,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/87344\/revisions"}],"predecessor-version":[{"id":87476,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/87344\/revisions\/87476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/87429"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=87344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=87344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=87344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}