Best VIC solar feed-in tariff rates 2026

For homes or businesses already equipped with solar, as well as those considering a new system, understanding the latest solar feed-in tariff rates in VIC is important. Feed-in tariffs are a key metric when calculating solar payback periods, weighing up solar system options, and choosing the best energy play for your property.

Table of contents

• Who sets the solar feed-in tariff in Victoria?
• Minimum feed-in tariff in Victoria 2025/26
• Timeline of solar feed-in tariffs in Victoria
• Best solar feed-in tariffs rates in VIC 2026
• How Victoria’s FiT compares to other states & territories
• Is it worth going solar in Victoria?

Who sets the solar feed-in tariff in Victoria

Electricity retailers now set their own minimum feed-in tariff after the Electricity Industry Act 2000 was amended to relieve the Essential Services Commission (ESC) of the responsibility. Each retailer sets a minimum FiT rate each year that they must pay their customers for energy that is exported back to the grid.

The minimum feed-in tariff rate in Victoria cannot be below 0.0c.

In Victoria, the ESC now takes on an oversight role to ensure electricity retailers are being fair, reasonable and transparent.

While the ESC is no longer responsible for setting the minimum solar feed-in tariff in Victoria, energy companies can (and do) offer more generous incentives in-line with demand, promotions, and sign-up incentives.

Demonstrated below in the timeline of solar feed-in tariffs in Victoria, the minimum solar feed-in tariff rates in Victoria continue to decline as adoption increases and the supply of excess energy to the grid – particularly during peak daylight hours, continues to grow.

Minimum feed-in tariff in Victoria 2025/26

The minimum feed-in tariff in Victoria for the 2025/26 financial year varies according to each electricity retailer. The minimum rate cannot be below zero cents per kWh.

Our analysis of the best feed-in tariffs in VIC shows that the average minimum rate set by retailers has increased in recent months and is now 1.1c / kWh.

By contrast, the minimum feed-in tariff in Victoria for the 2024/25 financial year was set at 3.3 cents per kilowatt-hour by Victoria’s Essential Services Commission (ESC) back on February 27, 2024.

The 3.3c/kWh Minimum FiT for the 2024/25 financial year was a 32% decrease on the 4.9 cents per kilowatt- hour single rate minimum from the previous 2023/24 financial year.

The ESC released their Minimum feed-in tariff review 2025–26 in February, citing a “decline in wholesale electricity prices” as the primary reason for the lower minimum rates.

The ESC explained that the “increased number of households in Victoria with roof-top solar” exporting excess energy to the grid during daylight hours as a driving force behind the projected decline in export tariffs over the next 12-months.

Where previously the Essential Services Commission provided two options that retailers could offer solar customers: a flat rate feed-in tariff or a time-varying FiT, now this responsibility lies with each retailer.

Timeline of solar feed-in tariffs in Victoria

There has been a significant decline in Victorian rates in recent years, reflecting a nationwide trend, the Queensland feed-in tariff has experienced a similar decline.

* There is no regulated minimum rate for 2025/26 but the average minimum is 1.1c.

Best solar feed-in tariffs rates in VIC 2026

The average Victorian minimum feed-in tariff rate for the 2025/26 financial year is 1.1c per kWh.

Energy companies choose the amount that they pay, but they cannot go lower than a minimum rate of 0.0 cents per kilowatt-hour for the 2025/26 financial year. At the time of updating in February 2026, the best solar feed-in tariffs rates on offer in Victoria for 2026 are as follows:

Comparing the best VIC feed-in rates

Comparing feed-in tariffs in Victoria is not as simple as choosing the highest rate from the table above. Maximum rates come with conditions, many apply to the first 10 kWh of solar exported each day. They may only be offered for the first 12 months after initial sign up too.

The best retailer offers

ENGIE provides the highest maximum feed-in tariff of 11c / kWh. EnergyAustralia and AGL are next, both offering a rate of 8c / kWh, slightly higher than the next best maximum rate of 7c / kWh offered by Alinta Energy.

The best minimum rate (4.9c) is offered by CovaU and Electricity in a Box. Despite no regulations for the minimum rate, many retailers are providing competitive tariffs.

For residents that have a larger 10kW solar system and are exporting far more than 8 kWh / day, it may be advantageous to consider retailers that offer the best minimum feed-in tariff.

How Victoria’s FiT rates compare to other states

Victorian energy providers are now operating under the same free market conditions as providers in other states and territories around Australia. They are not bound to a government mandated minimum FiT and can set solar feed-in tariff rates based solely on market demand.

However, solar owners in states like New South Wales, Queensland and South Australia all benefit from higher feed-in tariffs.

For example, the best feed-in tariff in NSW is comparable to Victoria’s, but minimum rates are far more generous.

Other benefits to going solar in Victoria

While the feed-in tariff in Victoria continues to decline, there are still compelling reasons to consider going solar.

Solar feed-in tariffs rates are just one metric that you should be looking at when weighing up solar and projected payback periods.

The VIC solar rebate is one incentive that encourages the uptake of solar panels. For eligible residents, its value outweighs the recent decline in the feed-in tariff. When combined with the national rebate, the upfront costs of setting up solar for your home or business reduce significantly.

When weighing up the upfront costs and projected payback period for solar in Victoria, it’s important to weigh up all of the metrics. Your energy consumption, your location, and a myriad of other factors will all come into play when making your decision. For more resources and a more detailed way to calculate your upfront costs, check out our free solar calculator and receive a free, no-obligation quote for solar for your home or business today.