A new premium feed-in tariff for Victoria
The new premium feed-in tariff for solar, introduced on 1 November 2009, enables Victorians to install roof top solar panels and receive a premium rate for unused electricity they feed back into the state electricity grid.
Households, community organisations and small businesses with energy consumption less than 100 megawatt hours a year and with solar photovoltaic (PV) systems up to five kilowatts in size, are eligible to receive a credit of at least 60 cents per kilowatt hour for excess electricity they feed back into the state electricity grid. This premium rate is about three times higher than the standard retail rate customers pay for electricity.
The premium feed-in tariff encourages Victorians to reduce their individual carbon footprint, by making solar panels more economical for the average household and rewarding Victorians who return unused power to the state electricity grid.
The premium feed-in tariff for solar power will be available in Victoria for the next 15 years, for a total capacity of 100 megawatts of solar power across Victoria.
For more information on Victoria's feed-in tariffs and to see whether you too can be rewarded visit www.dpi.vic.gov.au/feedintariff
