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Understanding feed-in tariffs, how they work, who's eligible, payment rates, and what replaced them for new installations.
A feed-in tariff (FIT) was a government scheme that paid people for generating renewable electricity at home, usually from solar panels. It closed to new applicants in 2019 but many people are still receiving payments under the scheme.
If you have solar panels or other renewable energy systems installed before April 2019, you may still be receiving FIT payments. The scheme has been replaced by the Smart Export Guarantee (SEG) for new installations.
The basics:
Two types of payments:
Example:
Eligibility requirements:
System types:
Payment rates varied:
Typical rates (historical):
Payment frequency:
Smart Export Guarantee (SEG):
Key differences:
Current SEG rates:
If you already have FIT:
If you don't have FIT:
If you're buying a property:
Payment period:
Example:
FIT payments:
If you're selling:
For existing FIT customers:
For new installations:
Considerations:
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