Solar Feed in Tariffs in NSW

Hi
I've recently installed a new rooftop solar system with a 7kw inverter for 8.2KW of panels.
I'm currently with PowerShop but they are about to lower their Feed in Tariff to 5c per kwh
I'm not a particularly heavy user of power so I think I'd benefit from switching to a plan offering a higher FIT even if the cost of buying energy is higher.
I'm based in NSW (Wollongong area).
I'm looking at AGLs solar savers plan which is currently offering 17c FIT.
Was wondering if anyone has an alternative recommendation?
Was also wondering whether there's a better way of signing up for this plan (e.g. cashback deals etc) rather than going direct through their website?
Any tips would be greatly appreciated.

Comments

  • +1

    Following, in the same boat as you.

  • +1

    yeah im with with agl as well and based on research few month ago, agl is the best at 17c
    people who already with origin from years ago are lucky and got offered their high rate higher than 17c but not for new customers i tried

    please continue your research and let us know.

  • I did a spread sheet comparing my rates to other plans, using my average feed in etc. I found a lot more benefit to lower prices based on my use compared to high FIT and the subsequent very high base rates

    • and your rates is with who ?

      • Q energy on Ausgrid in NSW- I've got about 6.5KW of panels

        Supply Charge 0.881100 $/Day
        Usage Standard Usage 17.49000 c/kWh
        FiT Standard Usage 7.5000 c/kWh

        I ran numbers for a lot of different plans, but found this to be consistently top 2 or 3 depending on the use profile I modelled.

        Should be noted that much of my use occurs outside of generation, and while I load that use as much as possible into generation hours, evenings is the killer for me

        • i see. well as i said on the other thread, it is almost impossible to compare which provider is good for you, all depending on your location, who is the main provider ausgrid or endev. your consumption rate, your sun coverage, your panels, your inverters, your luck….
          something like: my best friend hot amazing rich young 8 figure girlfriend maybe not a good match for me.

          • @CyberMurning: The spreadsheet isn't hugely tough to write in Excel.
            Its more complicated if looking at time of use rates if you don't have time of use rates currently, but its doable with some estimates, then you can play around with the numbers for best case worst case etc

  • -1

    Does your inverter supply the house first and then export? If not then you are up the creek…..

    • Yes its net metering. I think that's standard now as far as I know.

      • -1

        No, there is NO "standard", but it is the most common as it is the cheapest to purchase, but will cost you more in the long run now days. There are inverters that supply the house first and then export. These are the ones IMHO you should buy now days so that you maximize the return on the investment, but with a battery the power should be directed to the battery first, then the house then the grid.

        • +1

          but will cost you more in the long run now days. There are inverters that supply the house first and then export. These are the ones IMHO you should buy now days so that you maximize the return on the investment

          this makes no sense.
          If you're on single phase, its the same thing (cant export seperate to import..its one phase)
          If you're on multi phase, it makes no difference if you consume 5kw on phase a and import 5kw on phase c, thats a net 0kw cost.

          you aren't billed import and export separately, you're billed at the 'net' import/export value.

          A system with a battery will be slightly different, but connected inverters know to charge the battery before export.

  • Will depend on the ratio of self consumption v export.

    Based on my 5kw inverter setup, on the agl solar plan, I have pretty much a net zero bill for the year (so my excess output in summer offsets my excess usage in winter)

    • Are you sure as there was another FIT drop at the beginning of the calendar year.

      • 2 year contract currently (actually on 21c fit)

  • https://wattever.com.au/

    It's a really good site if u have solar

    • +1

      Thanks for making me aware of this website. I'd never heard of it.
      Based on my usage, this confirmed that AGL's Solar Saver plan is the best option for me.

  • You are going to need to do some calculations. AGL charges the highest energy usage rate, so if you are using power when the sun isn't shining, the payback from the FIT might cancel itself out.
    See if you can get some reports of your imported energy usage and work out how much AGL would charge you for that usage.
    Unfortunately, it all varies as well, as in winter the sun isn't shining as much.
    I was with AGL, and found I switching to Mojo was a better value proposition (lower energy rate, but also lower FIT).

  • Just to note in your calculations. Agl’s solar plan also has a higher daily supply charge.

    You used to be able to sign up with flybuys for a decent points bonus but agl is parting from the flybuys program.

    • I think it's already happened.

      For the usage at our place AGL is still competitive

  • AGL is no longer 17c FIT fot NSW?
    From this website it is 10c with daily cap ?
    https://wattever.com.au/retailer-solar-feed-in-tariffs-by-st…

  • check globird. im happy with them.
    currently im at $160 credit (that is for elect and gas combined).

    they have referral system too

    • Thanks, I think globird is mainly for Vic.

      • Im with them almost 6 months now. Im in nsw 2170 (nearby there)

    • @ChiMot
      My uncapped agl plan was finally coming to an end this January. I looked up globirds rates again.

      This is for new sign up’s. Just a heads up they also might cap your export eventually.

      Quoting from energy compare
      “ GloBird pay 20.00 cents per kWh solar feed-in for the first 10 kWh/day, and 6.00 cents per kWh for the remainder (inc. GST if any)”

      Found on their website.
      “ Solar Generation - First 10 Kwh/Day #”

      • And? Rate changes. Maybe the comparison website isnt up to date

        • Their own site getting a quote as a new customer
          20 cents for first 10 then balance 6cents.
          While the buy price stays comparatively high.

          Just saying it looks like all companies will be capping export.

          • @Bad Wolf: Any better energy providers (who doesn't cap)?

            • @congo: Red Energy.(But we are in the A.C.T) This for some reason seems to differ from NSW & QLD for some reason.

  • When comparing FIT from various providers, you have to take into account also their supply to the premises charges.This can push the price up quite a bit.FIT is not the only thing that comes into it.Don’t be sucked in by a ‘higher’ FIT. It is not always the cheaper one.You have to compare ALL charges from individual providers.

    • Agree. But depending on each family situation, one factor can be overweight the other.
      For exampe (extreme case):
      Couple without children with super large panel in sunny state.
      They should choose highest fit even if the charges higher because they will produce more and use less

  • I'm looking at AGLs solar savers plan which is currently offering 17c FIT.

    Do you have a link to AGL 17c FIT?
    Is it uncapped?
    This is pretty good.

    • Look @ the charges surrounding the plan.It may sound good, but you have to do the maths & compare.

      • True. Any plans that you recommend?

        • I am with Red energy, but you have to do the comparison for yourself.What suits me, may not suit you.You have to compare all providers in your locality.

    • just check AGL website. if not there then the poster was on grandfathered plan or something special.
      and no you wont be able to get the same if they dont specially offer to you. no price matching officework style trust me.

      • AGL - 10c for first 14 kWh, 5c afterwards.
        Red Energy - 12c for the first 5 kWh, 6c afterwards.

        • GLOBird now;
          Standard Solar Feed in
          - Step 1 0.00-10.00 kWh/Day ($/kWh) = 20c

          Standard Solar Feed in
          - Balance ($/kWh) = 8c

          this glo totally smashed others right? yes they may have higher usage rate but if you are low user and have large solar panel then this should be better.
          and remember $50 referral for both.

          • @CyberMurning: Unfortunately I am a high usage user.
            Thinking about PowerShop 13c FiT and their rates are lower.
            https://wattever.com.au/compare-powershop-electricity-rates/
            But it only for systems less than 10 kW.

            My inverter is 8KW but i think we generate max 13KW so not sure if we are eligible?

            • @congo: Well you better call them no one here can give you 100% guaranteed correct answer

          • @CyberMurning: As I keep repeating, compare all providers,just because it looks good on paper, does not mean it is the best. The devil is in the detail with other charges etc…Do the maths.

            • @Hackney: Is there a spreadsheet to work out the "maths" ?

              Been using the https://www.energymadeeasy.gov.au/ and picking the top plans.

              • @congo: Have never used a spreadsheet.Wife does all the comparisons & analysis.We are with Red energy.AGLsent us a letter saying they could do 8c feed in.But doing the comparison it was no cheaper than Red.

                • @Hackney: yes correct.
                  prepare spreadsheet with formulas etc from say AGL on your case (their rates), then plug in your own usages from latest redenergy bill to it.

                  • @CyberMurning: You have to read the ‘fine print’, a lot of people get sucked in by a ‘better rate’.

                    • +1

                      @Hackney: for me the most annoying is the "Step" or "different rate based on usage range" they purposely make it hard for people to compare by doing slightly different rate, condition, etc, than others. i remember seeing one company doing "summer rate" and "winter rate"

                      • @CyberMurning: If you want some good info & advice go onto the FB Solar forum/s.Solar Q&A Aus/NZ.

          • @CyberMurning: GloBird is 20c only for the first 10kWh per day.

            GloBird pay 20.00 cents per kWh solar feed-in for the first 10 kWh/day, and 6.00 cents per kWh for the remainder (inc. GST if any)

            Not great after you factor in their peak and off peak rates are very high.

            Powershop super solar has single rate of 27.87c with 92c daily charge and FiT is 13c (not capped).

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