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

March 15, 2024by Luke0

FiTs are typically set at a higher rate than the retail electricity price in order to incentivize renewable energy generation. These payments can help offset the cost of installing a Solar system and make it more financially viable for homeowners and businesses to invest in Solar power.

To be eligible for FiTs, Solar system owners usually need to meet certain criteria, such as having a system that meets certain technical specifications, being connected to the grid, and complying with any relevant regulations and requirements. FiTs are typically paid on a per-kilowatt-hour basis for the excess electricity that is generated and fed back into the grid.

It’s important for Solar system owners to check with their state or territory government or electricity provider to find out what FiTs are available in their area and what the eligibility criteria are. FiTs can provide a valuable financial incentive for Solar system owners to generate clean, renewable energy and reduce their reliance on fossil fuels.

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