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Saving with solar

Solar energy from your rooftop panels can help you save money. When your rooftop solar panels generate more power than you’re using in your home, the leftover solar energy is sent back into the electricity grid. 

A Feed-in Tariff (FiT). is a payment you’ll receive for this unused energy. The solar FIT appears as a credit on your electricity bill and is paid to you from your electricity retailer (us), usually at a set rate per kilowatt hour.

Find our more about the solar FiT in your state below. 

    Current Simply Energy Feed-in Tariff: 5.5c/kWh (as of 1 July 2023)

    For information: www.energysaver.nsw.gov.au

    You might be entitled to a higher FiT depending your plan. This will be detailed in the product card you have selected, or if you are already a Simply Energy customer, in your Welcome Pack. If you are having trouble finding it, get in contact in a way that suits you by following this link and we will be able to help out. 

    Simply Energy Feed-in Tariff (FiT): 4.9c/kWh (from 1 July 2023)

    This FiT is available to customers who have;

    • A Solar system (or other eligible form of renewable energy, such as wind, hydro or biomass) with a size of less than 100 kilowatts.
    • Bi-directional metering measuring two-way electricity flows, recording them on a half-hourly basis.

    You might be entitled to a higher FiT. This will be detailed in the ‘Rates and charges’ section of the product card you have selected, or if you are already a Simply Energy customer, in your Welcome Pack.

     

    Premium Feed-in Tariff (PFIT): 60c/kWh (scheme closed to new entrants from 29 December 2011)

    You may be eligible for a Premium Feed-in Tariff (PFiT) instead of our Simply Energy FiT and will be determined when you enter your address in Step 1 of the checkout process. If you are eligible, you will receive a PFiT instead of the Simply Energy market FiT or the offer FiT.

    The PFiT is available to customers who have;

    • Entered PFiT before 29 December 2011.
    • A small-scale solar system of 5 kilowatts or less.
    • Not installed additional solar panels since 29 December 2011, even if the overall system size remains 5 kilowatts or under.

    Please note the following if you have;

    • Moved house
      The PFiT tariff is linked to the property where the solar panels are installed. When moving to a new house you cannot take the PFIT with you. The property will remain eligible for the scheme until 2024, even if the house is sold and new residents move in.
    • Switched retailers
      If you have an eligible system and currently receive the PFiT with another retailer, you will continue to receive the PFiT when you switch to Simply Energy.

    For more out more about FiTs in Victoria.

    Simply Energy Standard Feed-in Tariff (FIT): 5.5c/kWh (as of 1 July 2023)

    You might be entitled to a higher FiT depending your plan. This will be detailed in the product card you have selected, or if you are already a Simply Energy customer, in your Welcome Pack. If you are having trouble finding it, get in contact in a way that suits you by following this link and we will be able to help out. 

    Distributor Feed-in Tariff (DFIT): 44c/kWh (scheme closed to new entrants from 30 September 2011)

    DFIT eligibility:

    • Households, small businesses, community buildings or churches with a solar PV system who consumes less than 160 megawatt hours (MWh) of electricity a year.
    • Switching retailers: If you have an eligible system and currently receive the DFIT with another retailer, you will continue to receive this feed-in tariff with Simply Energy.
    • Maximum output: 10 kVA for homes with single phase or 30 kVA for homes with three-phase electricity.
    • Important dates: 
      • If your system was approved to be connected by 31 August 10 and was installed with an approved meter by 29 January 12, you should be eligible for 50c/kWh (44c/kWh DFIT plus Simply Energy FIT) for every kWh exported to the grid.
      • If your system was approved by between the 1 September 10 and 30 September 11 and the system was installed with an approved meter by 8 February 12, you should be eligible for 50c/kWh (44c/kWh DFIT plus Simply Energy FIT) for the first 45kWh exported each day. You will receive 6c/kWh for any additional kWh exported.
    • Moving house: The DFIT tariff is linked to the property where the solar PV system is installed. When moving to a new house you cannot take the DFIT payments with you. The property will remain eligible for the scheme until 30 June 2028, even if the house is sold and new residents move in.

    For information on eligibility and compliant systems for the current Standard Feed-in Tariff and Distributor Feed-in Tariff, visit www.sa.gov.au.

    Simply Energy Feed-in Tariff (FiT): 5.5c/kWh (as of 1 July 2023)
    You might be entitled to a higher FiT. This will be detailed in the ‘Rates and charges’ section of the product card you have selected, or if you are already a Simply Energy customer, in your Welcome Pack.
     

    Solar Bonus Scheme Feed-in Tariff: 44c/kWh (scheme closed to new entrants from 9 July 2012)
    This scheme is payable until 1 July 2028, providing eligibility criteria are met.

    You will lose eligibility for the Solar Bonus Scheme Feed-in Tariff if you:

    • Move house, as this will result in a new electricity account holder for the premises.
    • Sell or let your house, if this results in a new electricity account holder for the premises.
    • Increase your inverter capacity/size.
    • Close your electricity account.
    • Are disconnected (e.g. because you fail to pay a bill or breach a contract).
    • Add extra capacity/panels that exceed the rated capacity of your system’s inverter.
    • Use alternative energy sources, such as other generators or batteries, when the system receiving the 44c FiT is operating, unless alternative sources have separate connections to the network.

    Please note the following;

    • If you have an eligible system and currently receive the Solar Bonus Scheme Feed-in Tariff with another retailer, you will continue to receive this feed-in tariff with Simply Energy.
    • Only one feed-in tariff applies to each solar account. If you are eligible for the Solar Bonus Scheme Feed-in Tariff, you will only receive this tariff. You will not be eligible to receive the Simply Energy Standard Feed-in Tariff.

    Find out more about the Solar Bonus Scheme.

    Current Simply Energy Feed-in Tariff: 8c/kWh

    You might be entitled to a higher FiT depending your plan. This will be detailed in the product card you have selected, or if you are already a Simply Energy customer, in your Welcome Pack. If you are having trouble finding it, get in contact in a way that suits you by following this link and we will be able to help out. 

    Find out more at the ACT Government website.

    Frequently asked questions

    What if you generate more electricity than you use?

    That’s where feed-in tariffs come in.

    A feed-in tariff is a payment you’ll receive for any extra solar energy you generate that goes back into the electricity grid.

    The excess electricity your solar panels generate appears as credit on your electricity bill and is deducted from the total amount you owe.

    Feed-in payment amounts and eligibility will depend on the amount you feed back in to the grid and the state you live in. Simply click on your state of residence above for more information.

    Apply for a solar Feed-in Tariff credit refund

    If your solar feed-in tariffs are more than your electricity usage and your bill shows you are in credit, you may be eligible for a refund.

    To request a refund please contact us.

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