Feed-in tariffs: Most states and territories in Australia have feed-in tariffs (FiTs) in place, which allow solar system owners to earn credits by exporting excess electricity back to the grid. The FiT rates vary depending on the state and electricity retailer.

July 5, 2024by Luke0

Feed-in tariffs are designed to incentivize the adoption of renewable energy technologies, such as Solar power, and encourage households and businesses to generate their own electricity. The credits earned through FiTs can help offset electricity bills and make Solar power more financially viable for consumers.

It’s important for Solar system owners to research and understand the feed-in tariff rates available in their area, as well as any terms and conditions that may apply. Some retailers may offer higher FiT rates or additional incentives for Solar system owners, so it’s worth shopping around and comparing options before signing up for a feed-in tariff scheme.

Overall, feed-in tariffs can be a valuable tool for promoting the uptake of Solar power and reducing greenhouse gas emissions from electricity generation. By allowing Solar system owners to earn credits for exporting excess electricity to the grid, FiTs help make renewable energy more accessible and affordable for consumers.

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