Feed-in tariffs explained — and why Pi is a different kind of offer

A feed-in tariff (FiT) is the rate your electricity retailer pays you for surplus solar energy you export to the grid. It is measured in cents per kWh and appears as a credit on your bill. Importantly, a feed-in tariff is about what you earn from exports — not what you pay for the power you use.

Why have feed-in tariffs dropped?

As rooftop solar became widespread, the middle of the day filled with cheap exported energy, so retailers cut feed-in rates. The result: exporting excess solar earns far less than it once did, and the real value has shifted to using and storing your own energy rather than selling it cheaply and buying it back expensively.

Is Pi a feed-in tariff offer?

No — and this is the most important distinction. Pi's headline figure, $0.26/kWh, is what you pay for the energy you consume, not a feed-in rate you earn. Pi's model is about lowering and fixing your consumption cost and giving you battery-backed independence, with surplus energy managed through Pi's virtual power plant.

Already have solar and just looking for a better feed-in deal? That's not us — Pi is for homes that want a fully managed, no-cost solar and battery system with a fixed rate on the power they use.

So where do the savings come from with Pi?

• A fixed $0.26/kWh with no peak/off-peak tiers, instead of volatile retail rates.
• Self-consumption of your own generated and stored energy.
• No equipment or maintenance costs, because Pi owns the system.