Feed-in Tariffs (FiTs): FiTs are offered by state and territory governments, as well as some electricity retailers, to compensate solar system owners for the excess electricity they generate and feed back into the grid. The rate at which you are paid for this excess electricity can vary depending on your location and the specific FiT scheme in place.

March 14, 2024by Luke0

FiTs are typically paid per kilowatt-hour (kWh) of electricity generated, and the rate can be fixed or variable. Some FiT schemes offer a higher rate for Solar power generated during peak times, while others offer a flat rate regardless of when the electricity is generated.

FiTs can provide a financial incentive for homeowners and businesses to invest in Solar power systems, as they can help offset the cost of installing and maintaining the system. In addition to the financial benefit, FiTs also help promote the adoption of renewable energy sources and reduce greenhouse gas emissions.

It’s important to research and compare FiT schemes in your area to ensure you are getting the best possible return on your Solar investment. Additionally, it’s a good idea to consider other factors such as system size, orientation, and shading when planning your Solar system to maximize its energy generation and financial benefits.

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