Feed in Tariff for Grid Connected Solar Powered Systems
Feed-in tariffs in Australia are the feed-in tariffs (FITs) paid under various State schemes to non-commercial producers of electricity generated by solar photovoltaic (PV) systems using solar panels. They are a way of subsidising and encouraging uptake of renewable energy and in Australia have been enacted at the State level, in conjunction with a federal mandatory renewable energy target. by Wikipedia
Feed in Tariff and Solar Bonus Scheme Ending soon in NSW
State and Territory governments across Australia
have adopted different approaches to what is normally referred to as a Solar Feed-In Tariff, sometimes known as a Solar Bonus Scheme or Solar buy-back scheme.
Solar Feed-in Tariffs are a payment for the clean energy that your solar panels feed back into the grid. There have been many changes to feed-in tariff legislation in all States and Territories over the past few years. (For an overview of the current incentives offered see our summary table below.)
Although the premium tariffs are no longer in place, homeowners can take advantage of low solar PV system prices. Increasing electricity bills are now the main reason to invest in a solar PV system, as it offers home owners a real means of taking control of their energy bills.
Solar Feed-In Tariffs have been a huge success in countries such as Germany and the UK, with massive uptake of solar energy systems following their introduction in those countries.
Cave Electrical & Solar
47 Braeside Drive
Murwillumbah NSW 2484
Ph 02 6679 5999
Mob 0419 001 001