NSW Feed In Tariff Information
Current solar feed-in tariffs in New South Wales are offered under what is called a Voluntary Retailer Contribution. This means NSW 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, it's valuable stuff!
In July 2017, NSW solar power system owners received a well-deserved pay rise of sorts through increased feed in tariff buyback rates.
- AGL : 11.1c per kilowatt-hour (+82%)
- EnergyAustralia : 12.5c per kilowatt-hour (+105%)
- Origin: standard – 9c (+50%), Solar Boost – 15c (+50%) per kilowatt-hour
- Diamond: currently 12c per kilowatt-hour
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. In 2016, I investigated which plans were overall the cheapest for solar households and found that one with a feed-in tariff of only 5.5 cents at that time was the lowest cost overall in Sydney. You can find a list of Sydney electricity retailers ordered from cheapest to most expensive in this article.
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’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, 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 having ended, many NSW 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.
>> Next: Choosing A Solar Installer >>
Compare Feed In Tariffs In Your Postcode
Make sure you are getting a good solar feed in tariff. Use this handy and easy-to-use comparison tool to compare:
1) feed in tariffs for your solar power exports
2) electricity prices for your imports
3) fixed charges
To use this comparison tool, all you need to do is enter your postcode and household size to get started. When reviewing results, take special note of all details of each plan and offer as the best solar feed in tariff doesn't necessarily mean the best deal on electricity for solar households
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the information published on Mozo is general in nature only and does not consider your personal objectives or particular needs and Mozo is not recommending any particular product to you. If you decide to click through to an energy provider’s site you will be dealing directly with that provider and not Mozo. Mozo may receive a fee from an energy provider if you click through on a link to an energy provider. For more information on how we make money please see our FAQs.
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How do we do calculate cost estimates?
To help you compare electricity and gas plans easily Mozo estimates the cost of each electricity and gas plan in its database. To complete these cost estimates Mozo has made the following assumptions:
- All cost estimates, unless altered by you, are annual estimates, inclusive of any applicable GST.
- Estimated costs displayed in the search results take into account the first 12 months usage, but don’t take into account termination fees if you are liable to pay a termination fee to change energy providers.
- To calculate estimated costs we use average electricity usage benchmarks published by the Australian Energy Regulator, which take into account your postcode, the number of people in your household and seasonal variations. If your usage differs from these usage assumptions then so too will the estimated cost savings.
- We’ve not found any published data on average gas usage, so we’ve come up with our own assumptions based on figures from the ABS and various industry reports. But that’s just a rough starting point; gas usage can vary significantly between households so we recommend that you enter your bill details to get a better result.
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- Our calculations may also include the additional cost of the Greenpower scheme if you ask for ‘green’ energy. Where we factor in Greenpower costs we will use the lowest Greenpower level provided by each plan.
- We do not include pensioner concessions, special offers or non cash benefits in our cost estimates and if available to you may be an additional benefit.
- At present, all of our cost estimates are based on single rate tariffs (also known as ‘peak only’ or ‘anytime’ tariffs).
- Our comparison engine uses a postcode to identify your distribution area and in some circumstances this may not be enough to correctly identify your specific distribution area. You should verify with energy providers your particular situation and the plans and prices available to you before signing up to an energy plan.
- If you have solar panels installed then cost estimates do not take into account reduced usage levels or feed-in-tariff rebates, unless you have entered these details from your bill.
- We take all reasonable care when collecting, updating and displaying product information and estimated costs on the site, but we cannot guarantee its accuracy. All product information and pricing should be confirmed with the energy provider before you sign up to an energy plan.
- Energy provider pricing is subject to change which could impact potential cost estimates.