Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, which allow solar system owners to earn credits for excess electricity generated by their system. These credits can be applied to reduce the cost of electricity consumed from the grid, effectively reducing electricity bills.

April 6, 2024by Luke0

FiTs are a way to incentivize the adoption of Solar power and encourage homeowners to generate their own clean energy. The rates and eligibility criteria for FiTs vary by location, so it’s important to check with your local government or energy provider to see if you qualify.

While FiTs can be a great way to save money on electricity bills and reduce your carbon footprint, it’s important to note that the rates offered may change over time and could be subject to government policy changes. Additionally, FiTs are typically only available for systems that meet certain requirements, such as being installed by a certified installer and meeting specific safety standards.

Overall, FiTs can be a valuable financial incentive for Solar system owners, helping to make Solar power more accessible and affordable for households and businesses across Australia.

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