Quote:
Originally Posted by The Mekon
No. The scam is that you are receiving credit for your feed in. I would like to see this whole scheme scrapped and anyone with solar panels just use them to augment their own consumption. At present you are profiting at the expense of poor people who cannot afford solar panels.
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Not exactly. You get paid for electricity generation that's supplied to the grid. You are limited per hour on what you can supply and are paid very little for it. The "credit" part is just against your imports from the grid and afaik you can't cash that in for real money at any point.
There is no "profiting at the expense of poor people" more than the electricity being supplied at 0.28 by the grid suppliers.
I suspect VPP (Virtual Power Plants) will change things in the future and the FIT will eventually go altogether. Power will be paid for based on market rates (supply/demand) no matter where it comes from.
Any sensible solar owner will be maximising their self consumption vs export to the grid. It is far better to avoid paying $0.28 vs getting $0.11 for every kWh.