To combat the relentless rise in electricity prices, many Queenslanders have decided to take matters into their own hands and install solar panels in order to generate their own free power from the glorious sun.
In a move to see a more energy efficient state, The QLD Government offers rebates to offset some of the upfront costs of getting a solar power system installed, which is fantastic for those hoping for a greener future.
To help with the financial outlay and to recoup the cost of a solar power system investment, the government is offering what is known as a solar feed-in tariff.
How does the solar feed-in tariff work?
- People are given credit through their electricity retailer for the electricity their systems generates but they don’t end up using.
- This credit is used as an offset against the cost of electricity they ‘import’, which is the power they get from the grid to supplement the generation capacity of their system or when their system is not operational at all. This is usually at night or on a cloudy day.
How is the tariff calculated?
The model is priced in Cents per Kwh (Kilowatt Hour) which is the same pricing model electricity companies use to charge us all for our usage.
What does this mean for me, as the owner of the solar generation system?
It means that the higher the solar feed-in tariff is, the quicker you can recoup your investment.
Who is eligible?
Whether you are a homeowner, landlord, renter, business or school, you are eligible for the scheme as long as the building is either a house or apartment.
How can I apply for a Feed-in Tariff scheme?
At Big Sky Energy, we can lodge your application with the electricity distributor on your behalf. We will need to complete the ‘Application to Network Connect an Inverter Energy System’ form.
To talk to one of our team members about the Queensland Government Solar Feed-in Tariffs and other rebates offered to homeowners, contact the Big Sky Energy team here.
For more information about the solar feed-in tariff scheme in Queensland, visit https://www.qld.gov.au/housing/buying-owning-home/energy-water-home/solar/feed-in-tariffs