VIC Feed In Tariff Information

All electricity retailers in Victoria with more than 5,000 customers must offer a minimum solar feed in tariff rate. In July 2018, VIC feed in tariff rates (single rate) were set to 9.9 cents per kilowatt hour minimum, but some retailers may offer a more generous buyback rate.

There will also be a “time-varying” payment option electricity retailers in Victoria can choose to offer. Different rates can be paid based on the time of the day that solar electricity is exported.

  • Off peak (Monday-Sunday: 10pm – 7am): 7.2c per kilowatt-hour
  • Shoulder (Monday-Friday: 7am-3pm, 9pm-10pm, Saturday and Sunday: 7am to 10pm): 10.3c per kilowatt-hour
  • Peak (Monday-Friday: 3pm-9pm) : 29c per kilowatt-hour

… of course, it would have to be a pretty special solar power system that exports electricity at some of the late hours noted!

So which is the better option in Victoria – the single rate or time varying? Learn more here, but note that retailers aren’t obliged to offer the time varying rates at this point – some may choose to only offer the single rate.

From the 1st of July 2018, a component reflecting the network benefits provided by rooftop solar is included. Victoria is the first state to explicitly include a portion of the environmental and network benefits of rooftop solar in its feed-in tariff.

It’s important to understand power retailer plans with higher feed-in tariffs won’t necessarily reduce electricity bills. While this this article does not look at Victorian retail plans specifically, it does show that electricity plans with the highest FiT’s aren’t necessarily the most cost-effective, so it’s very important to shop around.

The minimum VIC FiT may be mandatory, but retailers may offer different packages and terms and conditions – so be sure to check the fine print.

Find Feed-In Tariffs And Compare Electricity Retailers

To find current solar feed-in tariffs in Victoria offered by retailers in your specific area, you can enter your postcode into our handy retailer comparison tool:

 Victoria feed in tariff compare tool

Victoria’s Older And Higher Feed-In Tariffs

Victorians who applied to install rooftop solar power systems from late 2009 to the end of 2011 could lock in a high feed-in tariff of 60 cents a kilowatt-hour until late 2024.

Households and businesses in Victoria that applied to install solar panels in 2012 received a transitional feed-in tariff of 25 cents; which ended on the 31st of December 2016.

 From 1 January 2017, customers who came off the Transitional and Standard Feed-in Tariff schemes have been able to access the same buyback rate offers available to other solar customers.

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

Keeping The High Feed-In Tariff

Those in Victoria with a high feed-in tariff are allowed to replace solar inverters and panels provided they do not increase the capacity of either by doing so. If the home is renovated or demolished, the high FiT can be kept, provided the capacity of the inverter and panels, whether it is the old system or a new one, does not increase.

You cannot take the high VIC solar feed-in tariff with you when you move. It stays with the house when sold and transfers to the new owner.

 To get your quotes, please enter your postcode: