NSW Solar Feed In Tariff Information

Current solar feed-in tariffs in NSW are offered under what is called a Voluntary Retailer Contribution. This means New South Wales electricity retailers don’t have to pay anything for solar electricity exported to the grid, but most do make payment for the energy you export – and so they should, solar energy is valuable stuff!

In June 2021, the Independent Pricing And Regulatory Tribunal (IPART) recommended an “all-day” feed in tariff benchmark for 2021-22 of 4.6 – 5.5c/kWh, compared to 6.0 to 7.3 c/kWh  per kilowatt hour in 2020/21.

In June 2022, IPART provided “all-day” rate guidance for 2022/23; being 6.2 to 10.4 c/kWh.

It’s important to note these are just benchmark ranges and some electricity retailers may offer a rate higher than this, and have done in recent years.

For current FiT rates, use our electricity retailer comparison tool.

Another option for New South Wales electricity retailers is offering a time-dependent feed in tariff, the draft benchmarks for which are:

Time period 2021-22  2022-23
6 am to 3 pm 4.3 to 5.1c 5.6 to 9.7c
3 to 4 pm 6.6 to 8.1c 7.7 to 14.3c
4 to 5 pm 9.6 to 12.4c 12.3 to 24.8c
5 to 6 pm 11.5 to 14.5c 11.1 to 20.0c
6 to 7 pm 8.5 to 9.9c 16.3 to 27.4c
7 to 8 pm 6.3 to 7.3c 9.9 to 16.5c
8 pm to 6 am 4.3 to 5.1c 6.3 to 10.5c

Again, it’s important to note that these rates are not mandatory. NSW electricity retailers can offer as little or as much as they wish.

When shopping around for electricity retailers in New South Wales, bear in mind plans with higher feed-in tariffs for households with solar power won’t necessarily give the lowest electricity bills. I have found in the past that some plans with comparatively low feed-in tariffs actually offer the best overall deal due to lower daily charges and consumption rates.

Find NSW Feed-In Tariffs And Compare Electricity Retailers

The easiest way to find a local retailer with a good solar buyback rate is to compare them using this tool I made.

NSW feed in tariff compare tool

NSW’s Generous Gross Feed-in Tariffs Ended On The 31st Of December 2016

From the 1st of January to the 27 of October 2010, NSW households could lock in a gross feed-in tariff of 60 cents a kilowatt-hour. After that, from the 28th of October 2010 to the 28th of April 2011, a gross feed-in tariff of 20 cents could be secured.

A gross feed-in tariff is one that pays for every kilowatt-hour a solar system produces, but the household is charged for their electricity use as if it all came from the grid.It was a very good deal for those solar households under the 60 cent scheme.

However, both the 60 cent and the 20 cent feed-in tariffs came to an end on the 31st of December 2016.

If you had one of these gross solar tariffs in NSW, it is very likely your electricity retailer has already contacted you about replacing your old gross meter. It is also likely they will replace your old electricity meter with a smart meter at the same time. A smart meter allows households to pay different rates for grid electricity based on time of use, but does not require it.

Having your meters changed should cost you nothing. If you haven’t been contacted by your electricity retailer yet about replacing your old gross meter, I recommend giving them a call. Without an import/export meter installed you will receive nothing for any solar electricity you send into the grid.

Options For People Off The Generous Gross Feed-in Tariff

Most solar power systems that received the high gross feed-in tariff incentive in New South Wales are quite small and usually around 1.5 kilowatts. With the high solar feed-in tariff having ended, many people are taking the opportunity to install larger systems. Some of the options available are covered in this article.

Batteries Are Unlikely To Pay For Themselves Yet

With the generous gross feed-in tariff in NSW having ended, many solar owners are considering installing batteries, but even with lower cost storage systems such as the Powerwall 2, households are very unlikely to save money at this current time. The cost of home battery storage is rapidly falling, so this may soon change.

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