Feed-in Tariffs (FiTs): FiTs are a payment made to solar system owners for the excess electricity they generate and feed back into the grid. The rate at which these payments are made varies between states and territories in Australia. Some regions offer a higher FiT rate for systems installed before a certain date, while others have a fixed rate for a set period.

May 11, 2024by Luke0

Feed-in Tariffs are designed to incentivize households and businesses to invest in renewable energy systems, such as Solar panels, by providing a financial reward for generating clean electricity. This not only helps reduce greenhouse gas emissions and combat climate change, but also helps to reduce electricity bills for consumers.

In Australia, FiTs are typically paid per kilowatt-hour (kWh) of electricity generated and fed back into the grid. The rates can vary depending on factors such as the size of the Solar system, the location, and the time of installation. Some states and territories offer a higher FiT rate for systems installed before a certain date, as an additional incentive to early adopters of Solar technology.

It’s important for Solar system owners to understand the FiT rates in their region and ensure they are receiving the maximum benefit for the electricity they are generating. Additionally, it’s worth noting that FiT rates can change over time, so it’s important to stay informed about any updates or changes to the program.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *