Feed-in Tariffs (FiTs): Many states and territories in Australia offer feed-in tariffs, which allow solar system owners to sell excess electricity generated by their solar panels back to the grid. The rates and conditions for FiTs vary depending on the state or territory.

May 11, 2024by Luke0

For example, in New South Wales, the current FiT rate is around 6-12 cents per kilowatt-hour, while in Victoria it is around 9-12 cents per kilowatt-hour. Some states also offer a premium FiT rate for systems installed before a certain date, to encourage early adoption of Solar power.

It’s important for Solar system owners to check with their electricity retailer or state government to understand the FiT rates and conditions in their area. In some cases, FiTs may be subject to change based on government policy or market conditions.

Overall, feed-in tariffs can provide a financial incentive for Solar system owners to generate clean energy and contribute to the overall grid stability. It’s a way for homeowners to not only save money on their electricity bills but also contribute to a more sustainable future.

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