TAS Feed In Tariff Information
Last Updated: 13th Nov 2024
Tasmania has a regulated minimum solar feed-in tariff. In the 2023-24 financial year it was set at 10.869c/kWh, which was pretty good compared to what many on the mainland received. For the 2024-25 financial year it was decreased to 8.935c/kWh because the value of electricity during the day is expected to be lower. This is a drop of less than one cent, so Tasmanians are still receiving a decent minimum feed-in tariff.
Official solar feed-in tariff information from the Economic Regulator can be found here.
Higher Feed-In Tariffs Available
Electricity retailers can pay more than the minimum. The two we know of are:
- Solstice: 10c/kWh
- 1st Energy: 10c/kWh
If you have solar, chances are you’ll be better off with one of these higher feed-in tariff plans, but it’s always a good idea to check it is the best plan available for your particular circumstances.
Historical Info
Tasmanians who purchased a solar power system before 30th August 2013 were eligible to receive a 1:1 feed-in tariff guaranteed until 31 December 2019. This was to reward early adopters of PV in Tasmania as solar panels and other components cost far more then than they do now.
One of the 2018 election commitments of the Hodgman Government was to review Tasmania’s solar feed in tariffs, with view to new arrangements being in place from January 2019. The review began in July 2018 and was completed in November 2018.
For those on the 1:1 Premium Transitional FiT, they were switched to what was then the standard current rate of 8.541 c/kWh, plus received an extra 5 c/kWh – 13.541 c/kWh all told. This arrangement stayed in place until December 31, 2019, after which time just the standard rate applied.
Shopping around for better electricity tariffs in Tasmania
Electricity retailer choice has increased in Tasmania over the past few years. There are now at least six electricity retailers operating including Aurora Energy, Energy Locals, Solstice Energy and 1st Energy. The latter is unusually named given it was the second retailer in the state, but maybe they were hoping no one would notice that Tasmania had electricity before they started operating there in February 2019.
You can use SQ’s energy tool to compare electricity plans for solar owners in Tasmania (and across Australia).
If you’re considering installing solar panels, read our helpful guide to solar in Tasmania and check out reviews of solar installers in Hobart and Launceston that are part of the SolarQuotes network.