Feed-in tariffs are typically set by the government or electricity retailers and are designed to incentivize the production of renewable energy. The amount paid for excess electricity can vary depending on factors such as the size of the Solar system, the time of day electricity is generated, and the current market rates.
It’s important to research and understand the feed-in tariff rates and terms in your specific location before investing in a Solar system. Some states and territories have generous feed-in tariffs, while others may have lower rates or limited availability.
In addition to feed-in tariffs, Solar system owners can also save money on their electricity bills by using the electricity generated by their Solar panels to power their homes and reduce their reliance on the grid. This can lead to significant savings over time and help offset the cost of installing the Solar system.
Overall, feed-in tariffs can be a valuable incentive for Solar system owners to contribute to the generation of clean, renewable energy and reduce their carbon footprint. It’s worth exploring the options available in your area to maximize the benefits of your Solar investment.
