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Solar Premium Feed-in Tariff: Transitioning After 15 Years of Support
Oct 30, 2024
2 min read
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What Is the Solar Premium Feed-in Tariff and When Does It End?
The Solar Premium Feed-in Tariff (PFIT) was launched in 2009 to incentivize Victorians to install rooftop solar when the technology was expensive. Initially offering a 60 cents/kWh credit for small systems up to 5 kW, this scheme closes on November 1, 2024. Post-closure, solar users will receive feed-in tariffs based on annual rates set by the Essential Services Commission (ESC).