Customers can receive payments for the excess electricity they generate and feed back into the grid, providing an additional financial incentive for investing in Solar power systems. The FiT rate is typically higher than the retail electricity rate, making it a lucrative option for Solar system owners.
To qualify for the FiT, customers must have a Solar power system installed and connected to the grid. They must also meet any additional requirements set by their state or territory, such as system size limits or eligibility criteria.
Overall, the FiT can help offset the cost of installing a Solar power system and provide ongoing savings on electricity bills. It’s a great way for customers to maximize the benefits of their Solar investment and contribute to a cleaner, more sustainable energy future.
