Some states, such as New South Wales and Victoria, offer a flat rate FiT, where the system owner receives a set amount per kilowatt-hour of electricity exported. Other states, such as Queensland and South Australia, offer a time-of-use FiT, where the rate varies depending on the time of day.
FiTs can be a great way for Solar system owners to offset their electricity bills and make the most of their investment in Solar power. However, it’s important to carefully read the terms and conditions of the FiT scheme in your area to understand how it works and how much you could potentially save.
It’s also worth noting that FiTs are subject to change, so it’s a good idea to regularly check with your electricity retailer or state government for any updates or changes to the FiT rates in your area.
