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

May 13, 2024by Luke0

FiTs are typically paid per kilowatt-hour (kWh) of electricity generated by the Solar system and fed back into the grid. These payments can help offset the cost of installing a Solar system and encourage homeowners to invest in renewable energy.

To be eligible for FiTs, Solar system owners must meet certain criteria, such as having a system that meets specific technical standards and is connected to the grid. The rate of FiTs can also vary depending on factors such as the size of the system, the time of day electricity is generated, and the terms of the FiT scheme in the specific region.

It’s important for homeowners considering installing a Solar system to research the FiT schemes available in their area and understand the terms and conditions of any FiT payments they may be eligible for. FiTs can be a valuable incentive for investing in Solar energy and can help make Solar power more affordable for homeowners.

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