How Do I Get Paid

Once you have entered into a microFIT contract, you will be guaranteed a fixed price for the electricity you produce. The prices are designed to cover typical capital and operating costs and to provide a reasonable return on the investment over the term of the contract.

Prices for Renewable Energy Projects that are 10 kW or less

Renewable Technology

Price

 

Contract Term

Percentage Escalated

Solar PV

80.2 ¢/kWh

20 years

0%

Wind

13.5 ¢/kWh

20 years

20%

Waterpower

13.1 ¢/kWh

40 years

20%

Biomass

13.8 ¢/kWh

20 years

20%

Biogas

16.0 ¢/kWh

20 years

20%

Landfill gas

11.1 ¢/kWh

20 years

20%

The prices presented above are extracted from the FIT price schedule. Note that the OPA will review the FIT price schedule on a regular basis (approximately every two years).

For technologies other than solar PV, 20 percent of the price will escalate annually based on increases in the Consumer Price Index.

Please note that if you intend to apply for the on-farm biogas price, the community price adder or the aboriginal price adder, you must apply to the FIT Program, regardless of the size of your project. Also, waterpower projects and bioenergy projects under the microFIT program will not receive peak and off-peak pricing.

Please refer to Contract payments for details on how your contract price is set and how contract payments are made.

 

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