Feed-In Tariff Closures – Madison Australia

Legacy Solar Feed In Tariff Closures Loom

 

The year is running by and the end of several older Australia solar feed in tariff programs looms large – in one state, a program ends in just a few weeks.

 

When solar feed in tariffs were first established in Australia, they tended to be very generous in order to promote uptake. As time went on and the cost of solar panels plummeted; the incentives were reduced.

Those already on specific payment levels were “grandfathered” in – but not forever. Three legacy programs are ending soon and participants need to be thinking how to get the most from their solar power systems going forward.

Below is a summary of the programs affected.

 

South Australia

The first to end is South Australia’s Group 4 solar feed in tariff incentive, which covers households who signed up between 1 October 2011 and 30 September 2013 and had their import/export meters installed before January 30, 2014. Group 4 participants are currently receiving 16 cents per kilowatt-hour for electricity exported to the grid, but only until the end of this month. From October, the feed in tariff will drop  to as little as 6.8c per kilowatt hour.

 

Victoria

Victoria’s Transitional Feed-in Tariff (TFIT), and Standard Feed-in Tariff (SFIT) which closed to new participants on 31 December 2012, (TFIT) pays a minimum credit of 25 cents per kilowatt hour for surplus electricity fed back into the grid. From January 1, the rate will be reduced to as little as 5c per kilowatt hour.

 

New South Wales

The effects will be great in New South Wales, with the impacts potentially running into thousands of dollars each year.

Participants in the NSW Solar Bonus Scheme (who joined prior to May 2011) are currently receiving either 60 cents or 20 cents per kilowatt hour (depending on when they signed up) for all the electricity generated by their solar panel systems. From the beginning of 2017, these participants will only be getting 4.7-8c per kWh on average.

 

While the loss of the more generous rates will no doubt be missed by participants in the three states, the timing is such that battery systems are now more affordable in Australia; enabling solar owners boost their energy independence and make the most of their valuable solar electricity.

 

Call one of our Solar Energy Experts on 03 9078 6381 who will answer any question you may have regarding rebates or any other Solar related issues.

Fun Energy Facts

 

  • Natural gas has no odour. The smell is added artificially so that leaks can be detected.
  • Silicon from just one ton of sand, used in photovoltaic cells, could produce as much electricity as burning 500,000 tons of coal.
  • Enough sunlight falls on the earth’s surface every hour to meet world energy demand for an entire year.
  • One wind turbine can produce enough electricity to power up to 300 homes.
  • The largest wind turbine in the world, located in Hawaii, stands 20 stories tall and has blades the length of a football field.
  • The first modern wind turbine was built in Vermont in the early 1940s.
  • In 200 B.C., people in China and the Middle East used windmills to pump water and grind grain.
  • More than 75% of ACT home energy is used for space and water heating.
  • In the 1830s, the British astronomer John Herschel used a solar collector box to cook food during an expedition to Africa.
  • More than half of ACT homes have gas space heating, but two thirds have electric water heating.
  • A cow farts about 600 litres of methane gas everyday. That is enough to fill up 40 (rather stinky) party balloons.
  • Central air conditioners use about 98% more energy than ceiling fans.
  • A cesium atom in an atomic clock beats over nine billion times a second.
  • The electric chair was invented by a dentist.
  • Thomas Edison, the dubious light bulb inventor, was afraid of the dark.
  • The second most used metal in the world is copper.
  • The electric toothbrush was invented in 1939.
  • The temperature in a flame is lower close to the source and highest near the top.
  • It was an Australian meteorologist who first began to give tropical storms women’s names at the end of the 19th century.
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