How to Find the Best Solar Feed-In Tariff

Using solar power in your home is an excellent way to become more independent from the mains electricity system. It also helps combat environmentally damaging emissions and promotes a sustainable lifestyle.

The cost per watt of a solar panel system can vary depending on your location, total wattage, and solar panel brands. It is best to choose a company with an excellent track record and positive customer referrals.

1. Feed-in tariffs

The feed-in tariff (FiT) is a monetary value or price that your electricity retailer pays you for the surplus solar energy that your home system produces. This price varies from electricity retailer to electricity retailer. It’s important to shop around to find the best solar FiT rates available for you, as they can make a big difference in your overall savings from going solar.

Feed-in tariffs compensate project owners for the energy they produce at a rate that is above retail, but lower than wholesale. Different renewables may receive different compensation rates, reflecting the level of technology development and cost to deploy. For example, generation costs for technologies like solar and wind are much lower than those of tidal power or landfill gas.

You can find your FiT rate on your electricity bill, it should be located under the summary of charges. You’ll find this on the second page of your bill. If you want to maximise your savings from going solar, be sure to choose the right NSW energy plan with the best feed-in tariff.

2. Solar panels

Many homes can cut their electricity bills by 75% after installing solar panels. However, the amount you save depends on several factors, including your local climate and your specific energy needs. The best way to maximise your savings is to get multiple quotes from different solar providers. Compare their prices and equipment quality, and find the right balance between price and value.

You can also make the most of your rooftop solar system by integrating it with a battery storage solution. This will help you minimise your dependency on standard electric power and use your solar energy even at night or during peak demand times. The battery can also provide backup during blackouts and reduce your reliance on the grid.

Most reputable solar installers will include the cost of an import/export meter and any required switchboard upgrades in your quote. These costs will also apply if you opt for active monitoring, which can add $10-$15 to your monthly bill.

3. Installation

With the help of solar rebates and feed-in tariffs, installing a solar power system in Central Coast NSW can reduce electricity bills and positively impact the environment. Solar panels are also a great investment that can add value to your home or business.

A reputable solar company will be upfront and transparent about their pricing models. This includes an itemized list of costs, including labour, permit fees, sales taxes, and utility charges. They will also include any available tax incentives.

Your local town government will require an inspection of your new solar panel system before it can be activated. A representative will double-check your installer’s work and ensure that your system meets standard electrical and roof setback codes.

Choosing the right company to install your solar power system is critical. The best way to do this is to choose a locally owned and operated company. This will ensure you get the best service and products at a fair price.

4. Maintenance

Even with the best solar panel installation, there are still some maintenance costs associated. These may include the cost of repairs due to storm damage or other unforeseeable issues. Maintenance may also include the cost of tree trimming services, if there are any trees on your property that prevent your solar panels from receiving sunlight. Keeping your solar panel system well maintained can help maximise the value of your Central Coast property. Fortunately, most product warranties cover these maintenance costs.



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