Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, which are payments made by electricity retailers to solar system owners for the excess electricity they feed back into the grid. The FiTs rate varies depending on the state or territory and the time of day the electricity is exported.

March 24, 2024by Luke0

Feed-in tariffs are a form of incentive to encourage the uptake of renewable energy sources such as Solar power. They help to offset the cost of installing and maintaining Solar panels, making them a more attractive option for homeowners and businesses.

In some instances, feed-in tariffs can actually result in Solar system owners earning money from their system, as they are paid more for the electricity they export than they are charged for the electricity they import from the grid.

It’s important for Solar system owners to research and understand the feed-in tariff rates available in their state or territory, as well as any eligibility criteria that may apply. Additionally, it’s a good idea to regularly review and compare different electricity retailers to ensure they are getting the best possible deal for the excess electricity they generate.

Overall, feed-in tariffs can be a valuable way for Solar system owners to not only reduce their electricity bills but also contribute to a more sustainable and environmentally friendly energy system.

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