Feed in Tariffs
Feed in Tariffs first started in Australia in 2008 when a 44c feed in tariff (FIT) started in South Australia.
The SA FIT was a 20-year scheme that expires in 2028.
The price of solar in 2008 was a lot more expensive then it is now. Since 2008, the price of solar panels have dropped around 80%.
Since the sudden drop in the price of solar panels, Governments around Australia have responded by changing the level of FIT payments.
Some FITs around Australia were applied to the entire amount of solar generation (gross FIT), and other FITs were paid on unused solar electricity exported back into the grid (net FIT).
Below is a table that summarises the current status of FITs around Australia.
|State||Regulated Rate Paid||FIT Type|
|NSW||0 c/kWh however some retailers pay 8 c/kWh||Net|
|QLD||0 c/kWh however some retailers pay 8 c/kWh||Net|