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A feed-in tariff (FiT) is a payment for excess renewable energy—typically from solar panels—exported to the grid, with rates set annually by the Tasmanian Economic Regulator.
A feed-in tariff (FiT) is the term used when a household or business, usually with solar panels fitted to generate electricity, feeds-in any excess electricity they don’t need back to the grid. They are then paid a tariff to compensate and incentivise them for contributing their renewable energy back to the grid. This allows others to use this energy for their electricity supply. A win-win for everyone.
In Tasmania, the feed-in tariff works as follows:
You will need to have some sort of small-scale distributed generation system (like solar, wind, or mini-hydro) that meets Australian standards. The system must be connected to the grid through import/export meters.
When your system generates extra electricity that you haven't used, the excess is sent to the grid. You are paid for that extra electricity with a FiT rate per kilowatt-hour (kWh).
The Tasmanian Economic Regulator sets the minimum FiT rate each financial year. For the most up-to-date rates, please refer to our Solar Rates page.
If you generate electricity, it will help offset your power usage. When your system doesn't generate enough (e.g., at night or during peak periods), you will need to import electricity from the grid.
The FiT rate can fluctuate, or change based on factors like wholesale electricity prices and regulatory decisions. This system helps promote renewable energy adoption and provides a financial return for those investing in green energy solutions.
Thinking about installing solar? Learn how to determine if your home is suitable, what’s involved in the process, and how to maximise your savings with solar energy.
Before you proceed with solar installation, make sure your solar installer is accredited.
