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The “feed-in tariff” is a term you have probably heard a lot about if you are considering solar power for your home or business.
But what is the feed-in tariff, how does it work and what is the benefit to you? Navigating the web to find the answers can certainly be
confusing, but don’t worry, we are here to help. In this latest blog article the solar power experts at iinergy will be answering all
of your questions about the feed-in tariff. Let’s get started.
For many solar panel owners, the power they generate won’t be completely consumed by their home or business. In most cases, there will be power left over. What happens to that power if you don’t have a solar battery to store it? Any excess electricity generated by your solar power system will be exported to the electricity grid. When this happens, you may be eligible for a payment in exchange for the electricity you have supplied to the electricity grid. This payment is known as a feed-in tariff. Essentially, a feed-in tariff is a payment you receive for creating and exporting electricity to the electricity grid.
We have covered what a feed-in tariff is, but how does it work if you generate unused power for the electricity grid? In most cases, a feed-in tariff will appear as a credit on your electricity bill and usually has a set rate per kilowatt hour. The amount depends on a range of different factors, including the state you live in, the amount of electricity you have exported to the grid, and when you first installed your solar PV system. Contact the iinergy team if you would like more information on feed-in tariffs.
If you don’t have a solar battery, you may find that you aren’t using all of the electricity that your solar power system is generating. With a feed-in tariff, your electricity won’t go to waste. Instead, you will be compensated for the power you are producing for the electricity grid. This is just another one of the many great benefits to owning a solar power system for your home or business.
Would you like to get started with solar power and earn feed-in tariffs? Get in touch with the solar power experts at iinergy today. Call 1300 446 374, email us at info@iinergy.com.au or click here to contact the iinergy team through our website. We look forward to helping you make the switch to solar and enjoying all of the benefits that come with it.
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