How does a feed-in calculator work for solar power?
Property owners can earn credit by generating electricity through their solar panels.
The unused solar power is sent back to the grid, and your electricity distributor will pay you for each kilowatt-hour. The feed-in tariff per kilowatt-hour varies from one distributor to another. The tariff depends on different factors, such as the following:
- The location of your property that has solar panels installed.
- The electricity retailer and their norms.
- The solar system type.
- Your eligibility for any government solar payments.
What is a feed-in calculator?
A feed-in calculator for solar power compares energy rates and feed-in tariffs from across multiple providers. It allows you to compare quotes from different electricity retailers. It helps you to make an informed decision. It allows you to calculate your solar savings.
How does a feed-in calculator work?
To use a feed in tariff calculator for solar power, follow the below steps.
Step 1: Enter the postcode of your location. Since tariffs vary with location, the postcode is the most critical information to be entered.
Step 2: The calculator will automatically suggest the city and state of the postcode when you enter the postcode. Pick your city from the listed options.
Step 3: In the next step, choose your property type. Generally, there are two options in this step – residential and business. Pick the right option based on the installation of your solar panels.
Step 4: The calculator confirms your eligibility for the feed-in tariff system. The confirmation is established through asking questions like “Do you have solar panels installed on your rooftop?”.
Step 5: Different calculators prompt different types of questions. Questions are straightforward. The aim is to present the most favourable price deals for your location and requirements.
Step 6: Some feed-in calculators may require filling in your concession or rebate amount, including the GST amount. If you do not have the bill, ignore this step.
Step 7: The calculator will require you to enter your name, email address, and contact number.
Step 8: Different solar feed-in tariff plans along with the provider are listed. Each plan shows your savings, the cost involved per year, and other provider-specific information.
Step 9: When you choose a plan, you will be prompted for more details to create your account with the electricity provider. Provide your connection address for further communication.
Why is a feed-in calculator important?
- Feed-in tariffs encourage more people to invest in solar energy. It is only fair that people gain the best rates for their investment.
- A feed-in tariff calculator is convenient and makes your work simple. It is easy to use and available online for free.
- If you have moved to a new location and wish to take advantage of the solar feed in tariff system, the calculator is an excellent place to start with.
- It helps you to save more on energy bills. It brings an entire panel of electricity providers and their energy plans into the same place for easy comparison.
- The feed-in tariff calculator makes switching between energy providers simpler.
Get the best out of your tariff rates!
