Feed-in Tariffs (FiT) are set to change again this year in Victoria with the state government introducing a new time-varying FiT.
From 1 July 2018, your exports to the grid will have the option of staying on a new lower minimum FiT of 9.9c/kWh (12% lower than existing 11.3c/kWh introduced in 2017) or moving to the time-varying FiT detailed below:
New analysis by the ATA (http://www.ata.org.au), shows solar homeowners will be better off on this new time-varying FiT.
However, your electricity retailer has one year to get set up to calculate your time-varying FiT. In the meantime, they can simpler offer you the new lower minimum FiT at 9.9c/kWh.
So make sure you know what your electricity retailer is offering you from 1 July. It may well make sense to move to a retailer offering the new time-varying FiT or a higher flat FiT than the minimum 9.9c/kWh.
If you are interested in the economics of solar for your commercial or residential building, contact us today to book a free solar audit.