Feed-in Tariffs (FiTs): Many states and territories in Australia offer feed-in tariffs, which allow solar panel owners to sell excess electricity generated by their system back to the grid. The rates and terms of FiTs vary between different regions.

April 9, 2024by Luke0

Feed-in tariffs are designed to incentivize the adoption of Solar energy by providing a financial reward for generating clean, renewable electricity. By selling excess electricity back to the grid, Solar panel owners can offset the cost of their electricity bills and potentially even earn a profit.

The rates and terms of feed-in tariffs are determined by each individual state or territory government, and can vary widely. Some regions offer fixed tariffs, where the rate paid for excess electricity is set at a specific amount per kilowatt-hour. Other regions may offer time-of-use tariffs, where the rate varies depending on the time of day that the electricity is generated.

It’s important for Solar panel owners to understand the feed-in tariff scheme in their region and how it can benefit them financially. By taking advantage of feed-in tariffs, Solar panel owners can maximize the return on their investment in Solar energy and contribute to a more sustainable energy future.

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