We’ve partnered with Econnex to bring you a range of energy plans to help you compare them.
Looking for cheap solar plans offering the lowest tariffs and highest feed-in rate? With the rising popularity of renewable energy, many providers now offer competitively priced solar plans with attractive feed-in tariffs, allowing you to earn credits for the excess energy you export back to the grid.
Savvy can help you discover the best and most cost-effective options for your solar electricity using our free online comparison service. With just a few clicks you can compare multiple plans, choose the cheapest option and switch electricity providers. Start your journey towards an affordable and sustainable energy solution by exploring cheap solar plans right here with Savvy today!
Finding the best solar electricity plan involves considering several important factors. It’s not only the feed-in tariff (FiT) that you should consider, as that forms only one part of your electricity plan. You also need to think about how much you will be charged for the power you use when your solar system is not generating sufficient electricity for the energy that you are using. Here's how you can go about comparing to find the best solar plan:
Look at your most recent electricity bills to get an idea of your energy usage. Work out how much your current feed-in tariff is, and what you are paying to use electricity from the grid. This will help you compare different energy plans and help you find a cheap solar plan.
Provide a few details about where you live and the type of solar system you have, and using Savvy’s comparison service you’ll soon have multiple electricity plans from some of Australia’s most respected retailers to look at side-by-side. Take the time to compare different solar electricity plans to help you choose the best solar plan for your circumstances.
Evaluate how much energy your solar system will export back to the grid. Compare tariff blocks and check for maximum limits on the amount of power you may be able to feed back into the grid under certain plans.
Look beyond just the FiT and consider the kilowatt-hour (kWh) prices for your power usage when the sun is not shining. Some plans may have different pricing structures for peak, off-peak and shoulder periods. Use the knowledge you have about your household or business usage to work out which tariff structure best suits your usage pattern.
The reference price is a benchmark electricity price set by the Australian Energy Regulator (AER). It estimates the average electricity usage of a similar household in your area. Retailers must tell you how each of their plans compares with the average figure, making it easier to compare electricity prices between different energy retailers and plans.
Read the terms and conditions of each plan carefully. Pay attention to the benefit period, as some offers may have limited-time benefits which only apply for the first few months. Additionally, check for changes in the FiT after the benefit period.
Don't forget to consider any fees associated with the plan, such as connection fees, disconnection fees, early termination fees, or fees for paper bills. These fees can have an impact on the overall cost of the plan. Additionally, consider the daily supply charge, which is a fixed cost for being connected to the electricity grid, regardless of your energy usage.
Check for any available discounts, such as bundle discounts for combining electricity and gas plans, or pay-on-time discounts. Some retailers offer a discount for setting up a direct debit to pay your bill, or for agreeing to a longer contract period on your electricity plan.
Feed-in tariffs are an incentive offered by energy retailers to solar electricity system owners for the excess energy they generate and feed back into the grid. When your solar panels produce more electricity than you consume, the surplus is sent back to the grid. In return, you receive a credit or payment for the electricity you export.
Solar output is measured in kilowatts per hour (kWh), and retailers pay a number of cents for each kilowatt that your system feeds back into the grid. These feed-in tariffs (FiTs) can range from 2c/kWh up to 10c/kWh or more, depending on which state you live in.
Feed-in tariffs are not paid out in cash. Rather, they are applied as a deduction on your regular bill, offsetting the amount charged for the electricity you do use from the grid. Therefore, a higher feed-in tariff will help to reduce what you pay for grid electricity. This is why it’s so important to shop around for the best solar electricity plans.
However, not all retailers will pay a set amount for all your solar output. Some retailers will pay a certain amount for the first block of kWh/day you feed back to the grid, and then a smaller amount for any additional power over the set limit which is fed back to the grid.
Switching to a better solar plan with Savvy is a straightforward process that anyone can follow. Here's how it works:
By following these simple steps, you can easily switch to a better solar plan and start reaping the rewards of clean and affordable energy. Savvy makes the process hassle-free and ensures a smooth transition to your new solar provider.
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Savvy is partnered with Econnex Comparison (CIMET Sales Pty Ltd, ABN 72 620 395 726) to provide readers with a variety of energy plans to compare. We do not compare all retailers in the market, or all plans offered by all retailers. Savvy earns a commission from Econnex each time a customer buys an energy plan via our website. We don’t arrange for products to be purchased directly, as all purchases are conducted via Econnex.
Any advice presented above is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an energy plan. For further information on the variety of energy plans compared by Econnex, or how their business works, you can visit their website.