Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, where homeowners and businesses are paid for excess electricity generated by their solar systems and exported to the grid. The rates and terms of FiTs vary depending on the state or territory.

April 2, 2024by Luke0

Feed-in tariffs are a way to incentivize the adoption of Solar power systems by providing financial compensation for the excess electricity that is generated. This helps to offset the cost of installing and maintaining Solar panels, making renewable energy more attractive and accessible to consumers.

In some cases, feed-in tariffs are set at a fixed rate per kilowatt-hour of electricity exported to the grid, while in other cases the rate may vary depending on the time of day or the demand for electricity. The length of time that feed-in tariffs are available also varies – some programs offer feed-in tariffs for a set number of years, while others may be ongoing.

It’s important for consumers to research and understand the feed-in tariff policies in their state or territory, as well as any eligibility requirements or restrictions that may apply. By taking advantage of feed-in tariffs, homeowners and businesses can not only save money on their electricity bills, but also contribute to the transition to a cleaner and more sustainable energy future.

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