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 rate of the feed-in tariff varies depending on the region and the electricity retailer. In some cases, the feed-in tariff is a fixed rate per kilowatt-hour, while in others, it may be a time-varying rate.

Feed-in tariffs are designed to incentivize the adoption of renewable energy sources such as Solar power by providing financial compensation for the electricity generated. This can help offset the upfront costs of installing a Solar system and make it more financially viable for homeowners and businesses to invest in renewable energy.

It’s important to note that feed-in tariffs are not available in all areas and are subject to change, so it’s worth checking with your local electricity retailer or government website to see if you are eligible for a feed-in tariff and what the current rates are.

Overall, feed-in tariffs can help make Solar power more accessible and affordable for consumers, while also encouraging the growth of renewable energy generation and reducing greenhouse gas emissions.