Feed-in Tariffs (FiTs): FiTs are credits or payments for excess solar energy generated by rooftop solar systems that is exported back to the grid. The rates and eligibility criteria for FiTs vary depending on the state or territory in Australia.

April 23, 2024by Luke0

FiTs are typically set by government authorities and are designed to incentivize the adoption of rooftop Solar systems by providing financial benefits to those who generate renewable energy. The rates for FiTs can vary depending on factors such as the size of the Solar system, the location of the property, and the time of day when the energy is exported to the grid.

In some cases, FiTs may be paid as a credit on the electricity bill, while in other cases they may be paid in cash. It is important for Solar system owners to understand the FiT rates and eligibility criteria in their specific area in order to maximize the financial benefits of their rooftop Solar system.

Overall, FiTs can help Solar system owners offset the cost of their electricity bills and make renewable energy more financially viable for homeowners and businesses. By encouraging the generation of clean energy, FiTs play a key role in Australia’s transition to a more sustainable energy future.

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