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

May 15, 2024by Luke0

FiTs are typically designed to incentivize the adoption of renewable energy sources like Solar power and to encourage homeowners and businesses to invest in Solar energy systems. The rates at which Solar system owners are paid for the excess electricity they generate can vary depending on factors such as the size of the system, the location, and the time of day the electricity is generated.

It is important for individuals interested in installing a Solar energy system to research and understand the FiT programs available in their state or territory, as well as any other incentives or rebates that may be available to them. By taking advantage of these programs, Solar system owners can not only save money on their electricity bills but also contribute to a more sustainable and cleaner energy future.

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