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

April 4, 2024by Luke0

For example, in some states, the feed-in tariff rate is fixed for a certain period of time, while in others it may be subject to change based on market conditions. Some states also have size limits on the Solar system that is eligible for the feed-in tariff.

Feed-in tariffs can be a great incentive for Solar system owners to maximize their electricity generation and reduce their energy bills. However, it’s important for homeowners to carefully read and understand the terms and conditions of the feed-in tariff scheme in their state or territory to make sure they are getting the best deal possible.

It’s also worth noting that feed-in tariffs are just one of many incentives available for Solar system owners, and it’s a good idea to explore all of the options before making a decision. Other incentives may include rebates, tax credits, and financing programs that can help offset the cost of installing a Solar system.

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