Feed-in tariff rates
A feed-in tariff (FiT) is a payment you can receive for the excess electricity produced by your solar system, which is fed back into the grid. It usually appears as a credit on your bill from your electricity retailer.
The FiT is a rate that is set per kilowatt hour (kWh) and the amount paid varies between retailers.
The government has called on NSW energy retailers to offer solar customers feed-in tariffs that meet a benchmark set by the Independent Pricing and Regulatory Tribunal (IPART). The benchmark range for the 2019/20 financial year is 8.5 to 10.4 cents per kilowatt hour. You can read more about IPART's Review of Solar feed-in tariffs 2018/19.
You can use the NSW Energy Switch service to compare plans from all providers, including feed-in tariff offers. This is a free price comparison website run by the NSW Government.
If you receive your bill directly from your electricity provider and you meet the eligibility requirements, you can use the Energy Switch tool to compare your plan with other available plans. If you decide to switch providers, they will initiate the switch process for you.
When shopping around for an energy provider, it’s worth considering things like:
- usage charges (i.e. consumption charges)
- network charges
- feed-in tariffs
- any other terms and conditions including ‘paid-on-time’ discounts or late payment fees.