Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, where households or businesses are paid for the excess electricity they generate from their solar systems and feed back into the grid.

May 13, 2024by Luke0

These tariffs are designed to incentivize the adoption of renewable energy sources like Solar power and help reduce dependence on fossil fuels. The rate at which customers are paid for their excess electricity can vary depending on the state or territory, as well as the size and type of Solar system installed.

Feed-in tariffs can provide a financial benefit to households and businesses with Solar systems, as well as help reduce overall electricity costs. They can also contribute to a more sustainable energy system by encouraging the generation of clean, renewable energy.

It’s important for customers to research and understand the feed-in tariff schemes available in their area, as well as any eligibility requirements or limitations that may apply. Additionally, customers should consider factors like system size, energy consumption patterns, and potential changes to feed-in tariff rates over time when deciding whether to install a Solar system and participate in a feed-in tariff program.

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