Feed-in tariffs are payments made to households or businesses for the excess electricity they generate and feed back into the grid from their Solar panels. This provides an additional financial incentive for Solar power users, as they can earn money by selling their surplus energy.
Interest-free loans are another way that state governments and local councils can encourage residents to switch to Solar power. These loans allow homeowners to install Solar panels without having to pay the full cost upfront, making it more affordable for them to make the switch.
By offering these additional incentives, governments and local councils can help to offset the initial cost of installing Solar panels and make renewable energy more accessible to a wider range of households and businesses. This not only benefits individual consumers by reducing their energy bills and carbon footprint, but also contributes to the overall transition to a more sustainable and environmentally friendly energy system.
