astroboy wrote:We are moving to a home with a 5kw solar pv system, near Geelong, Vic.
the accurate lowdown on Vic FIT's.
The Retailer and certainly the distributor will know exactly which FIT the property is currently on, they must keep the data about what's, what for their part of the grid. Any FIT in Vic is tied to the property and stays with the property even when bought and sold and remains valid, until it expires or the system has been altered in such a way as to make the system no longer eligible for that particular FIT.
If the system was installed when the PFIT was available and it was applied for then the system will be registered with the distributor, as being eligible for it (60c per kWh minimum), this expires in 2024 and stays with the property.
If it was installed during the TFIT era then the system will and has a minimum of 25c per kWh until 31 DEC 2016. Then it is onto what ever is determined to be the rate a retailer/distributor will offer as of 01/01/2017, this is optional so don't expect anything fancy.
there is another FIT but that also expires on 31 DEC 2016.
All other FIT's are either the current market rate, ATM with maybe some optional extra bit added on but that's it.
The link provided by "APR" gives the rest of the details.