How much can I expect to receive for my solar?

In 2022-23, you can expect to receive 6.2 to 10.4 c/kWh for you solar feed-in tariff from your retailer.

We also publish a guide on how much solar exports are worth at different times of the day.

The Table below shows IPART’s recent guides on the value of solar feed-in all-day tariffs, and also provides links to information on the offers available in the market for that year.

Year

Benchmark (c/kWh)

More information

Offers available in the market

2022-23

6.2 to 10.4

Fact sheet, Media release

 

2021-22

4.6 to 5.5

Fact sheet, Review

Fact Sheet

2020-21

6.0 to 7.3

Final report

Final report, see page 16

2019-20

8.5 to 10.4

Final report

Final report, see page 5

2018-19

6.9 to 8.4

Fact sheet, Review

Final report, see page 5

Retailers are not required to offer  feed-in tariffs in line with our guide. Many retailers are offering feed-in tariffs above our guide. However, the offer with the highest feed-in tariff may not be the best overall deal, as some high feed-in tariffs may also be paired with higher retail prices. You need to consider the entire energy plan, as well as your electricity consumption and solar exports.

What is IPART’s guide based on?
When you export your excess solar electricity to the grid, retailers can use this electricity to supply their other customers.

We set our guide for how much you can expect to be paid for your solar exports based on our forecast wholesale price of this electricity. This is what retailers would have paid if they had bought the electricity from the National Electricity Market.

See more information about how we value solar energy exports.

Higher forecast wholesale prices have increased our benchmarks for 2022-23

Our benchmark ranges for 2022-23 are higher than for 2021-22. This is driven by higher forecast wholesale electricity prices for 2022-23.

Factors that are contributing to the higher forecast wholesale prices include:

  • reduced thermal generation from planned and unplanned outages at power plants
  • higher coal and gas prices, which have been exacerbated by the ongoing war in Ukraine
  • extreme weather conditions in NSW and Queensland which has affected coal supplies and electricity demand.

However, beyond 2022-23, we expect additional solar capacity would put downward pressure on wholesale prices.