Feed-in Tariff (FiT): Many states and territories in Australia have feed-in tariff programs that provide a payment for excess solar electricity exported back to the grid. The rates and terms of these programs vary depending on the location.

May 8, 2024by Luke0

Customers who have Solar panels installed on their property can receive payments for the excess electricity they generate and feed back into the grid. This helps to offset the cost of electricity from the grid and encourages the use of renewable energy sources.

The rates and terms of feed-in tariff programs can vary widely depending on the state or territory. Some programs offer a fixed rate for all excess electricity generated, while others may offer a variable rate based on the time of day or the current market rate for electricity.

It’s important for customers to research the feed-in tariff programs available in their area and understand the terms and conditions before signing up. Some programs may have eligibility requirements or limits on the amount of electricity that can be exported back to the grid.

Overall, feed-in tariff programs can be a valuable incentive for homeowners and businesses to invest in Solar power and reduce their reliance on traditional fossil fuel-based electricity generation. By encouraging the adoption of renewable energy sources, these programs can help to reduce greenhouse gas emissions and combat climate change.

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