Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, which provide a financial incentive for households and businesses to feed excess solar energy back into the grid. The rates and terms vary between states and electricity retailers.

April 9, 2024by Luke0

Feed-in tariffs are typically offered as a credit on the electricity bill for each kilowatt-hour of Solar energy that is exported to the grid. This can help offset the cost of purchasing electricity from the grid during times when the Solar system is not producing enough energy to meet the household’s needs.

It’s important to note that feed-in tariffs are not available in all areas and the rates and eligibility criteria can vary. It’s recommended to check with your electricity retailer or local government to see if you are eligible for a feed-in tariff and to find out the specific details of the program in your area.

Overall, feed-in tariffs can be a valuable incentive for households and businesses to invest in Solar energy systems, as they can help reduce electricity bills and promote the use of renewable energy sources.

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