NSW Solar Feed-in Tariff Set to Double by July

Solar households in NSW could be looking forward to cheaper power bills from July, with NSW solar feed-in tariffs set to double to as much as 14.6 c/kWh.

IPART, the Independent Pricing and Regulatory Tribunal, has recommended that the price paid by retailers for excess solar power exported back into the grid should rise from a range of 5.5c/kWh to 7.2c/kWh to 11.6c/kWh to 14.6c/kWh.

Although this announcement is great news for solar households, it has come on the back of higher wholesale power prices that is causing bill stress for many across the state. Feed-in tariffs are not compulsory in NSW, so it will now be up to households to negotiate better rates with their retailer.

“People with solar are like mini-power stations selling power to the grid. The fact is the underlying electricity they export is now worth twice as much,” said IPART chief executive Hugo Harmstorf. “We are aiming to give solar customers information so that when they talk to retailers they are better informed to negotiate deals.”

Order your solar system in May and we can have it installed for you in time for the new feed-in tariffs. Contact the Solaray Team today on 1300 525 451 or submit your details below for a callback.

Source: http://www.smh.com.au/business/consumer-affairs/solar-feedin-tariff-benchmark-could-double-by-july-1-20170501-gvw8d6.html

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