Residential customers are entitled to two types of support for their solar PV systems under the Renewable Energy Target (RET):
1. Solar Credits provided by the Federal Government
2. State feed-in tariff
Renewable Energy Rebate
When you install a solar system, as the owner of the system you generate renewable energy certificates called Small Technology Certificates (STC). Each STC equates to 1 Megawatt hours (1000 kWh) of energy your system can produce in the period to 2030 up to a maximum of 15 years. Solar System retailers apply for these STCs on behalf of the consumers and provide you discounts upfront, thereby reducing your initial investment cost substantially.
Feed-In-Tariff
State governments pay customers for the excess/unused solar electricity exported to the grid. The feed-in tariff depends on:
Electricity retailer
State of residence
Current Feed-in Tariff in different states *
| State | Feed-in Tariff |
|---|---|
| Victoria | 5.0c/kWh minimum |
| South Australia | 6.8 c/kWh |
| Australian Capital Territory | 6.0c – 7.5 c/kWh |
| Tasmania | 6.67 c/kWh |
| Northern Territory | 19.23 c/kWh |
| Western Australia | 7.135 c/kWh |
| Queensland | 7.448 c/kWh |
| New South Wales | 7.2 c/kWh |
* these rates are subject to variations