Feed-in Tariffs (FiTs): Feed-in tariffs are another type of solar rebate that allows solar system owners to receive payment for excess electricity generated by their solar panels and fed back into the grid. The rate of the feed-in tariff depends on the state or territory, and the payment can be in the form of a credit on the electricity bill or a direct payment.

Feed-in tariffs are designed to incentivize the generation of renewable energy and help offset the cost of Solar installation. They can vary in duration and amount, so it’s important to check with your local government or utility provider to understand the specific feed-in tariff program available to you.

Feed-in tariffs are typically more common in countries with established renewable energy programs, such as Germany and Australia. They can provide a steady income stream for Solar system owners and help make Solar power more affordable for homeowners and businesses.

Overall, feed-in tariffs can be a valuable incentive for those looking to invest in Solar energy and contribute to a cleaner, more sustainable future.