Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, which are payments made to solar system owners for the excess electricity they generate and feed back into the grid. The rates and eligibility criteria for FiTs vary between jurisdictions.

May 16, 2024by Luke0

FiTs are typically designed to incentivize households and businesses to invest in rooftop Solar systems by providing a financial incentive for generating clean energy. The rates for FiTs can vary depending on factors such as the size of the Solar system, the time of day the electricity is generated, and the current market conditions.

In some cases, FiTs can be a flat rate per kilowatt-hour of electricity generated, while in other cases they may vary based on the time of day or the overall demand for electricity on the grid. Some jurisdictions also offer premium FiTs for systems that use certain technologies or meet specific eligibility criteria.

It’s important for Solar system owners to check with their state or territory government to determine what FiTs are available to them and what the eligibility criteria are. In some cases, FiTs may be subject to change or may be limited to a certain number of participants, so it’s important to stay informed about any updates or changes to the program.

Overall, feed-in tariffs can be a valuable way for Solar system owners to not only offset their electricity costs but also contribute to the overall transition to a more sustainable and renewable energy future.

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