What is a solar feed-in tariff (FiT)?
A feed-in-tariff is when someone installs solar panels on their house or business, they can generate their own electricity from the sun. But sometimes, they might generate more electricity than they need. When this happens, they can sell the extra electricity back to the power company.
A solar feed-in tariff (FiT) is like a payment that the power company gives to the person who has solar panels, for the extra electricity that they generate and send back to the power grid. It’s kind of like getting paid for being a mini power plant!
So, let’s say someone generates more electricity than they need and send it back to the power company. The power company will then pay them a certain amount of money for every unit of electricity that they send back. This payment is called a solar feed-in tariff (FiT).
The amount of money that someone gets for their FiT can vary depending on where they live and which power company they use. But it’s a good way to encourage people to use renewable energy like solar power, and to reward them for helping to create a cleaner environment.
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Hardy Electrical and Solar is based in Kingscliff, Northern New South Wales. We service Tweed Heads, Lismore, Ballina, Casino, Kingscliff, Murwillumbah, Tamborine Mountain, Byron Bay, Kyogle, Bangalow, Lennox Head, Mullumbimby, Evans Head and Grafton. So if you are located in Northern News South or South East Queensland we can help.