Eligible customers can receive a solar Feed-in Tariff (FiT) on any of our residential electricity plans. Lumo currently offers the following FiT to customers:
|South Australia||12 cents per kilowatt hour|
|Victoria||10.2 cents per kilowatt hour|
Solar FiT amounts include GST, if any.
A FiT is a credit that solar customers receive for excess electricity that their solar system generates and sends back to the power grid. Solar FiTs are credited per kilowatt hour (kWh), and appear on electricity bills as a credit.
If your solar FiT changes, we’ll let you know before it happens.
The reasons for the change to your solar FiT will differ as a number of factors can impact solar FiT pricing, including actual and projected wholesale costs.
You may receive notice that your solar rates have decreased. This could be because we’ve reduced your FiT when wholesale costs go down. The reason for this could be that a reduction in wholesale costs has meant that the value of the solar you’ve generated also decreased. From time to time we may also change your solar FiT to align with the recommended benchmark and minimum FiTs set by independent bodies and Government regulators.
There are a number of past solar schemes which offer eligible customers a higher solar buy back rate. These schemes often operate in addition to the ‘retailer’ FiT offered by Lumo and contain strict eligibility criteria. For further details and to find out if you’re eligible click on the links below:
|South Australia||Distributor Feed-in Tariff|
|Victoria||Premium Feed-in Tariff|
If you have a FiT with your existing retailer that we are required to carry-over we will do so.
We strive to offer competitive rates backed up by award winning customer service. If you’d like to discuss how our offers compare to others, give us a call on 1300 926 153 or write to us.