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Feed-in Tariff latest
In transition to the new Transitional Feed-in Tariff
As mentioned in our previous MEFL Blog post, the 60 c/kWh Premium Feed-in Tariff (PFiT) was effectively closed at the end of September. As a result, all new solar PV systems connected to the grid after 30 September 2011 won’t be able to get the 60 c/kWh available under the PFiT, but will instead be in a state of transition before the new ‘Transitional Feed-in Tariff’ (TFiT) comes into effect next year.
Solar support downgraded
What you need to know
Yesterday, the Victorian Government announced that it will close the Premium Feed-in Tariff when the scheme hits its cap. This is expected to occur towards the end of November this year.
If you have recently installed solar, paid a deposit or purchased a solar system, but have not yet finalised all the arrangements to receive the Premium Feed-in Tariff - read on!
Below are detailed instructions on what you need to do to have the best chance of getting in before the scheme closes.
If you're about to install solar, the Government has said you're unlikely to get in before the cap is reached. Instead, you may be eligible for a Transitional Feed-in Tariff at a lower rate of 25c. There's more information about this transitional arrangement below.
Oh, and if you're already receiving the Premium Feed-in Tariff have no fear! This announcement doesn't affect you at all. You will continue to receive the Premium Feed-in Tariff for fifteen years or (depending on when your system was installed) until the end of the scheme in 2024.
