Make the move to solar
When it comes to solar, finding the best retailer for you lies in choosing the right combination of Feed-in Tariff (FIT), electricity plan and smart technology to help you manage your consumption and get the best out of your system.
Generating best value – 2 Stage Feed-in Tariff
When you export generated solar energy back to Mojo we will pay you 20 cents per kWh (rate 1) up to a maximum of 5.47kWh exported per day. Any further solar energy exported that day will be paid at 10 cents per kWh* (rate 2).
While Mojo wants to compensate customers for generating excess energy, we are also keen to ensure our customers are using their solar generation systems to deliver the greatest benefit. Because there’s really no point generating excess solar power if that means you are paying for other electricity at peak rate times!
So along with the two FIT rates, we have also built real-time smart tools to help customers analyse and plan their consumption in line with their generation capacity. By using these tools you’ll be able to see when is the best times to use your solar energy and when you’ll make the biggest savings. You can check these out here.
Here’s how the FIT rates will look on your bill
When you receive your bill the tariff will be itemised by rate 1 and rate 2 for the total amount generated for the month. e.g.
- Solar FIT Rate 1: 169.86 kWh @ 20c = 33.97CR
- Solar FIT Rate 2: 30.14 kWh @ 10c = 3.01CR
In the above scenario, you would receive a credit against your monthly charges of $36.98.
*If you are in Queensland the FiT Credit Rate 2 will increase from 9c to 10 cents from 1 July 2019.
Sign up with Mojo and we’ll upgrade your meter.
With net metering, the energy generated by the solar system is used by the household first and then any excess is exported to the grid. All the energy that the household uses that is not supplied by the solar system must be purchased from the grid.
New solar systems generally use net metering. With the end of government subsidies such as the NSW Solar Bonus Scheme, which provided generous feed-in tariffs, it is recommended that customers switch from gross to net metering. By signing up to Mojo, you’ll get your meter replaced at no extra cost – saving an electricians fee of up to $700 for the upgrade. Our smart meters used alongside our mobile app will give you all the information you need to get the best value from your solar system.