Feed-in Tariffs (FiTs): Many states and territories in Australia offer feed-in tariffs, which allow solar system owners to receive credits or payments for excess electricity generated by their solar panels and fed back into the grid. The rates and eligibility criteria vary depending on the location.

May 18, 2024by Luke0

FiTs are designed to incentivize households and businesses to install Solar PV systems and contribute to renewable energy generation. The payments received under the FiTs scheme can help offset electricity bills and provide a financial return on the investment in Solar panels.

To be eligible for FiTs, Solar system owners typically need to meet certain criteria such as having a grid-connected Solar PV system that meets relevant standards and requirements, and ensuring that the system is registered with the electricity retailer or distributor. The rates and terms of FiTs can also vary depending on the size of the system, the time of day when excess electricity is exported to the grid, and other factors.

It’s important for Solar system owners to understand the specific FiTs scheme in their state or territory, as well as any changes that may be implemented over time. By taking advantage of FiTs, Solar system owners can maximize the financial benefits of their Solar PV system and contribute to the transition to a more sustainable energy future.

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