Feed-in Tariffs (FiTs): Most states and territories in Australia have feed-in tariff programs, which allow solar system owners to be paid for the excess electricity they generate and feed back into the grid. The rates and conditions of FiTs vary depending on the specific program in each state or territory.

For example, in New South Wales, the current FiT rate is around 6-10 cents per kilowatt-hour, while in Victoria, it is around 11-12 cents per kilowatt-hour. Queensland offers a FiT of around 6.3-9.7 cents per kilowatt-hour, and South Australia offers a FiT of around 6.8-16.3 cents per kilowatt-hour.

It’s important for Solar system owners to check with their energy retailer or the relevant state or territory government website to find out the specific details of the FiT program in their area. FiTs can be a great way for Solar system owners to offset the cost of their electricity bills and make their investment in Solar power even more financially beneficial.