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

May 14, 2024by Luke0

These FiTs are designed to incentivize the adoption of Solar power and help offset the upfront costs of installing a Solar system. They can provide a financial benefit to Solar system owners by allowing them to earn money from the excess electricity they generate.

FiTs are typically paid as a credit on the electricity bill, reducing the overall cost of electricity for the Solar system owner. The rates and terms of FiTs can vary, so it’s important for Solar system owners to check with their energy retailer or state government to understand the details of the FiT scheme in their area.

Overall, FiTs can be a valuable incentive for Solar system owners to maximize the benefits of their Solar panels and contribute to a cleaner, more sustainable energy system.

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