Trying to find the best solar feed-in tariff in QLD? PV owners are always hunting to find the right feed-in tariff to maximize their return or cut down their total electricity bill. If you look closely, you will find many plans that claim to offer a reasonable price on Solar feed in tariff Qld, but you need to be extra cautious when choosing an electricity provider. Some of them are as follows:
How much energy do you use and export? – Before you choose a provider, calculate how much power you need? Then calculate how much power you can export; this will give you a clear idea of how much you can save on your electricity bill throughout the year.
Read the terms and conditions clearly- You must read the fine print of your contract. People often fail to read their contract, leading to a low feed-in tariff or penalty fees. Usually, there are export limits put forward by the provider, and you are required not to cross that limit. In short, you have to look at various factors before choosing a provider.
Types of feed-in tariff- There are two types of tariffs: net feed-in and gross feed-in. Net feed-in tariffs are a case where you either pay for the difference in units or get paid by the utility company for the exported power, while gross feed-in tariffs are when your retailer credits your account with energy that you have sent to the grid. Net feed-in tariffs are the kind that is used in Queensland, Victoria, South Australia, while gross feed-in tariffs are used in the ACT and the Northern Territory.
Watch out for exit charges- Many energy providers hang into your solar credits when you switch providers. So before switching a price, try to use it before switching the provider. Exit fees in these cases are unusual, but it cannot be good if you get into one.
Are there any solar schemes?
There used to be a lucrative solar scheme launched back in 2008 that used to offer a 44c feed-in tariff to Queensland residents. This offer is applied to residents who applied for solar installation before 10 July 2012 and can continue receiving until 1 July 2028.
How does it work?
Let’s talk about how the entire system works. The photovoltaic (PV) cells absorb sun energy and generate DC. This dc is then converted to AC using an inverter. Then this AC is used by all the appliances, the switchboard transports the power to devices that need it, and surplus power is transported to the grid. A bi-directional meter measures energy exported and emery imported from the grid.
Many retailers add their tariff over the government offered Solar feed in tariff Qld. This can be great news for the consumer as they will get a significant discount or get paid by the energy provider handsomely.