Eligible customers can receive a solar FiT on any of our electricity plans. Lumo currently offers the following FiT to customers:
|South Australia||All Market Offers: 5.5 cents/kWh|
|Standing Offer: 3 cents/kWh|
|Lumo Basic: 5.5 cents/kWh|
|Lumo Plus: 5.5 cents/kWh|
|Lumo Value: 4.9 cent/kWh|
|Victorian Default Offer: 4.9 cents/kWh|
Solar FiT includes GST (where applicable). If you receive a Government FiT, any additional FiT offered by Lumo may vary from those specified above, see ‘Government rebates and schemes’ below or contact us for details.
If you are a solar customer and have signed up to one of our residential or business plans, then to be eligible to receive your FiT for excess electricity exported to the grid:
A FiT is a credit that solar customers receive for excess electricity that their solar panel system generates and exports to the power grid. A solar FiT is credited per kilowatt hour (kWh) of electricity that is exported to the grid, and appears as a credit on your electricity bill.
Our solar FiT is subject to change. We will send you a written notice of any rate change before it affects you.
There are a number of factors taken into consideration for the change to your solar FiT including actual and projected wholesale costs. 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 set by the relevant state government. 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 115 866 or write to us.