Feed-in Tariffs (FiTs): FiTs are another type of solar rebate that provide a financial incentive for homeowners and businesses to export excess electricity generated by their solar panel system back to the grid. The rate at which electricity is purchased by the energy retailer is usually higher than the retail electricity rate, providing a financial benefit to the system owner.

May 18, 2024by Luke0

FiTs are typically set by the government or energy regulator and can vary based on factors such as the size of the system, location, and technology used. They are usually paid out over a set period of time, often ranging from 10 to 20 years.

One of the main benefits of FiTs is that they provide a guaranteed income stream for Solar system owners, helping to offset the initial investment cost of installing Solar panels. This can make Solar energy more financially viable for homeowners and businesses, encouraging more people to adopt renewable energy and reduce their carbon footprint.

Overall, FiTs can play a significant role in promoting the growth of Solar energy and helping to transition towards a more sustainable and environmentally friendly energy system.

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