Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, which provide a financial incentive for homeowners and businesses to export surplus solar energy back to the grid. The rate at which the excess energy is bought back by the electricity retailer varies depending on the location.

May 8, 2024by Luke0

Feed-in tariffs are typically paid per kilowatt-hour (kWh) of electricity generated and exported to the grid. This encourages the adoption of Solar energy systems and helps offset the initial investment cost of installing Solar panels.

Feed-in tariffs can help reduce electricity bills for households and businesses with Solar panels, as they can earn money by selling excess energy back to the grid. This can also encourage more people to invest in renewable energy and reduce their carbon footprint.

It’s important to note that feed-in tariffs vary between states and territories and can change over time, so it’s important to check with your electricity retailer or government website for the most up-to-date information on feed-in tariffs in your area.

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