TAS Feed In Tariff Information

For 2023-24, the feed-in tariff rate in Tasmania was increased to 10.869c/kWh (+22.4%). The Office of the Tasmanian Economic Regulator said the FiT increase for 2023-24 was largely due to a significant jump in wholesale electricity prices. 

In terms of rate changes in recent years, in 2022,23, the rate was 8.883c/kWh (+37%). In 2021-22, the regulated minimum feed-in tariff rate in Tasmania was 6.501 c/kWh, which was 23.3% lower than the 2020-21 rate of 8.471 cents per kilowatt hour – and that was 9.4 per cent lower than the 2019-20 rate. So, the current rate is the highest it has been for a few years.

For solar power systems over 10kW (single phase connection), the buy-back rate is determined on a case by case basis. If this is your situation, we wish you the best of luck in negotiating a good deal for your valuable solar electricity exports.

Official solar feed-in tariff  information from the Economic Regulator can be found here.

Historical Info

Tasmanians who purchased a solar power system before 30th August 2013 were eligible to receive a 1:1 feed-in tariff guaranteed until 31 December 2019. This was to reward early adopters of PV  in Tasmania as solar panels and other components cost far more then than they do now.

One of the 2018 election commitments of the Hodgman Government was to review Tasmania’s solar feed in tariffs, with view to new arrangements being in place from January 2019. The review began in July 2018 and was completed in November 2018.

For those on the 1:1 Premium Transitional FiT, they were switched to what was then the standard current rate of 8.541 c/kWh, plus received an extra 5 c/kWh – 13.541 c/kWh all told. This arrangement stayed in place until December 31, 2019, after which time just the standard rate applied.

Shopping around for better electricity tariffs in Tasmania

Electricity retailer choice has increased in Tasmania over the past few years. There are now four electricity retailers operating: Aurora Energy, Energy Locals, Future X Power and 1st Energy. The latter is unusually named given it was the second retailer in the state, but anyhow. 1st Energy commenced operations in Tasmania February 2019.

You can use SQ’s energy tool to compare electricity plans for solar owners in Tasmania (and across Australia).

If you’re considering installing solar panels, read our helpful guide to solar in Tasmania and check out reviews of solar installers in Hobart and Launceston that are part of the SolarQuotes network.

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