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. The rates and terms vary by region, so it’s important to check with your local energy provider for specific details.

May 9, 2024by Luke0

FiTs are typically paid per kilowatt-hour (kWh) of electricity generated, and are designed to incentivize the adoption of renewable energy sources like Solar power. By selling excess electricity back to the grid, Solar system owners can offset their electricity bills and potentially even earn a profit.

It’s important to note that FiTs are subject to change, so it’s a good idea to stay informed about any updates or changes to the rates and terms in your area. Additionally, some energy providers may offer different FiT rates for different times of day or seasons, so it’s worth exploring your options to maximize the benefits of your Solar system.

Overall, FiTs can be a valuable incentive for Solar system owners to generate clean, renewable energy and contribute to a more sustainable future. If you’re considering installing a Solar system, be sure to research the FiT options available in your area to make the most of this opportunity.

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