– Feed-in Tariffs (FiTs): Some states and territories offer feed-in tariffs, which pay solar system owners for the excess electricity they generate and feed back into the grid. The rates and terms of these FiTs vary across jurisdictions.

May 18, 2024by Luke0

– Renewable Energy Certificates (RECs): Solar system owners can also earn RECs for the electricity generated by their systems. These certificates can be sold to electricity retailers or other entities to help incentivize the development of renewable energy sources.

– Net Metering: Net metering allows Solar system owners to receive credits for the excess electricity they generate and feed back into the grid. These credits can then be used to offset the cost of electricity purchased from the grid when the Solar system is not generating enough power.

Solar Rebates: Some states and territories offer rebates or incentives to help offset the upfront costs of installing a Solar system. These rebates can help make Solar energy more affordable for homeowners and businesses.

Solar Loans: Some financial institutions offer special loans or financing options for Solar energy projects. These loans can help make it easier for homeowners and businesses to invest in Solar energy without having to pay the full cost upfront.

– Power Purchase Agreements (PPAs): With a PPA, a third-party Solar provider installs and maintains a Solar energy system on a customer’s property. The customer then agrees to purchase the electricity generated by the system at a predetermined rate, typically lower than the retail electricity rate. This can help customers save money on their electricity bills without having to pay for the upfront costs of the system.

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