Queensland is known as a sunshine state because it remains warm to hot all around the year. Therefore it has been a perfect setting for solar panels. Queensland experiences almost 300 days of sunshine annually with 8- 9 hours daily. It’s for this reason that solar panels are in such high demand for residential properties.
So, if you are located in QLD and considering installing solar panels, you might have come across the term solar feed-in tariff during your research. In this article, we will explain what tariffs are, the best ones in Queensland, and how they can put the money back into your pocket.
So stay tuned to get answers for all the confusion in your head.
What is a Solar Feed-in Tariff?
The amount of money you earn is determined by the number of kilowatt hours you put back into the grid. These rates may vary based on the solar system you use, the territory or state you live in, and your energy retailer.
How Does a Solar Feed-in Tariff Work?
To know more about this, we would like to inform you about the two types of solar feed-in tariffs. The two types are:
- Gross Feed-in Tariff
- Net Feed-in Tariff
Both these tariffs work differently, but they both pay you for the electricity your renewable energy system is putting back into the grid.
- Gross Feed-in Tariffs
In gross feed-in tariffs, your energy provider credits you for all the solar energy generated by your system and puts it back into the electricity grid. But your provider charges you separately for the electricity you use. Such types of tariffs are most commonly in use in the Northern Territory and Australian Capital Territory.
- Net Feed-in Tariffs
In net feed-in tariffs, your energy provider credits you for the solar energy produced after you have fulfilled your home and business needs. Also, if your solar energy fails to generate enough energy to power your house and business, you will also be charged for the electricity you use. This method is most common in Queensland, Victoria, New South Wales, and Tasmania.
The Best Solar Feed-in Tariff
Telling you all about the best solar feed-in tariff is difficult because it depends on various factors like retailers, the state or territory you live in, and your preference. Therefore, we suggest you to always compare your different options before coming to a conclusion.
Always remember that the retailers may offer you the minimum government feed-in rate, or they can offer you a higher rate. If he offers you a higher feed-in rate, check if he charges you more for the additional electricity you use.
Solar Feed-in Tariffs in Queensland
As we have mentioned earlier, net feed-in tariffs are most commonly in use in Queensland. Each state in Queensland has its own solar feed-in tariff, and which one you are eligible for depends on where you live.
The market feed-in tariffs are only available in southeast Queensland. In this, the retailers can set and offer their rates. Because of the competition, you are advised to compare the options you have to find the best feed-in tariff.
The flat rate solar tariffs are available in regional Queensland. The Queensland Competition Authority sets such tariffs.
Is Solar Worth It in Queensland?
Even without high feed-in Tariffs, solar still makes complete sense in Queensland. It is because the electricity generated from the rooftop is much cheaper than buying electricity from the grid.
Furthermore, in Brisbane, Queensland, PV systems have a payoff time of 4 to 5 years. Also, a good quality solar PV system has a lifespan of over 20 years, plus it has a positive impact on our environment.
So go ahead and try to find another such tax-free investment that pays itself in such a short period.
Best Solar Company In Queensland
If you wish to have the best solar deals in QLD, there is no better platform than Aus- Brite Solar. Years of relentless solar services and generous focus have made us the foremost solar provider in Australia.