Feed-in Tariffs (FiTs): FiTs are a rebate offered by some state governments to residential and commercial solar system owners for excess electricity generated by their system that is fed back into the grid. The rate of the FiT varies by state and can be a fixed rate or a variable rate depending on the time of day.

March 20, 2024by Luke0

The purpose of FiTs is to incentivize the adoption of Solar energy by providing financial compensation for the electricity generated by Solar systems. This helps to offset the upfront costs of installing a Solar system and can make Solar energy more financially viable for homeowners and businesses.

FiTs are typically paid on a per kilowatt-hour (kWh) basis for the excess electricity generated by a Solar system and fed back into the grid. The rate of the FiT can vary depending on factors such as the size of the system, the location, and the time of day. In some cases, FiTs may also include additional incentives for using renewable energy sources.

Overall, FiTs help to promote the growth of renewable energy sources like Solar power, reduce greenhouse gas emissions, and decrease reliance on fossil fuels. They are an important tool in the transition to a more sustainable energy future.

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