Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, which allow solar system owners to sell excess electricity generated by their solar panels back to the grid at a premium rate. The rates and eligibility criteria vary depending on the region.

April 3, 2024by Luke0

Feed-in tariffs are an incentive for households and businesses to invest in renewable energy systems like Solar panels, as they can earn money by selling excess electricity back to the grid. This helps to promote the uptake of Solar power and reduce reliance on fossil fuels.

In addition to feed-in tariffs, there are also net metering schemes in place in some areas, which allow Solar system owners to offset the cost of their electricity bills by exporting excess electricity to the grid and receiving credits for it.

It’s important to check with your local government or electricity provider to find out what feed-in tariffs or net metering schemes are available in your area, as they can vary significantly from region to region. Make sure to also consider the terms and conditions of these schemes, as well as the overall financial benefits, before deciding to install a Solar power system.

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