FiTs are typically paid per kilowatt-hour (kWh) of excess electricity generated and exported to the grid. This payment can help offset the cost of installing and maintaining a Solar system, making it a more attractive option for homeowners looking to reduce their electricity bills and carbon footprint.
It’s important to note that FiTs are subject to change and may be adjusted by state or territory governments. Additionally, not all electricity retailers offer FiTs, so it’s important for Solar system owners to shop around and compare rates to ensure they are getting the best deal.
Overall, feed-in tariffs can be a valuable incentive for Solar system owners to generate clean energy and contribute to a more sustainable future.
