What Is A Feed-In Tariff (FiT) For Solar Panels In Canberra?

Introduction

solar energy is one of the most popular alternative sources of energy. If you are planning to install solar panels on your roof and have researched the costs, benefits, and rebates associated with a solar setup, you must have heard about the Australian Solar Feed-in Tariff (FiT) program.

In this article, let us explore how the Feed-in Tariff program encourages you to invest in a solar panel and the additional benefits it brings to society.

What Is A Feed-In Tariff Program?

Feed in Tariff (FiT) is an incentive program offered to Australian households that choose to go solar. Though the government or solar retailers decide the incentive rates, the rates may vary based on the state or territory you live in and the solar retailer you choose.

Additionally, the FiT eligibility also changes depending on the amount of energy you feed back to the grid, the state where you reside, and the date when you installed your solar system. Therefore, before you assume a ballpark figure on the FiT incentive you are entitled to, carefully scrutinize the incentive rate you are entitled to and your eligibility criteria.

How Does A Feed-In Tariff Help?

Your solar system is a powerhouse of energy that generates electricity so that you can conveniently use it in your household or business establishment. This energy must be immediately consumed unless stored in a solar battery for later use. Consider a scenario when your solar system generates excess energy that is neither consumed nor stored in a battery.

What Do You Do?

Just choose a Feed-in Tariff plan which essentially pushes excess solar energy to the grid that further sends the electricity to the main energy provider. A smart meter in your solar setup will then record the amount of energy that you send back to the grid, and an equivalent amount of credit is applied to your next electricity bill. A solar feed-in tariff plan not just saves money on your electricity bill but saves on your wallet too. Eventually, these savings will help you recover your solar investment . Therefore, there is not just one reason but two to enrol in the FiT incentive program.

Note that the feed-in tariff credit is paid for every kilowatt hour (kWh) of energy sent to the grid, and these credit rates vary based on several factors.

Societal Benefits Of Feed-In Tariffs

Undoubtedly, feed-in tariff incentive is designed to benefit Australians in their quest to utilize solar energy, but the benefits are manifold. These incentives are also intended to boost the economy and foster industrial and environmental goals. Incentivizing solar energy will encourage people to move towards renewable energy sources and reduce their dependence on the central grid for their energy demands.

By urging people to sell energy back to the grid, people become more conscious about their energy consumption leading to an energy-efficient society. Finally, Feed-in Tariff reduces dependency on centralized energy sources for all energy demands, thus leading to a decentralized energy setup and further reducing the load and maintenance issues on centralized energy stations.

We Are Here To Give You The Best Feed-In Tariff Rate

Being a Canberra-based company, we know what is best for you. We provide the best FiT rates so that you can extract maximum benefit from your solar installation and also avoid the hassle of checking FiT rates with multiple retailers. Regardless of whether you are looking for a new solar system installation or if you are looking at harnessing benefits from your existing solar system, our specialists will help you make a successful journey toward solar energy.

As the allure of harnessing solar power continues to grow among Canberra residents, driven by environmental concerns and the ever-increasing costs of traditional energy sources, the demand for efficient and durable solar panel options has intensified.

In response to this demand, manufacturers in the solar panel industry engage in fierce competition, striving to offer top-tier solutions for homes in the capital. To ensure residents receive professional and standardized installations, the government thoughtfully compiles a comprehensive list of government-approved solar panel installers.

However, what truly sets Polygon Energy apart and positions us as the ideal choice for Canberra residents embarking on their solar energy journey is our unwavering commitment to providing innovative, sustainable, and cost-effective solutions.

As a government-approved retailer, Polygon Energy uniquely equips you solar finance support to navigate the complexities of the ACT solar program and the Sustainable household Scheme, streamlining your access to enticing solar rebates and incentives. NewEnergTech

Our dedication to remaining at the forefront of the industry is vividly illustrated by our active involvement in the Next-Gen Battery Storage Program. This forward-looking initiative prioritizes advanced battery technologies, allowing you to efficiently store surplus energy generated by your top solar panels for later use, ultimately amplifying your energy independence.

Furthermore, we empathize with the financial considerations surrounding solar energy solutions, including the cost of solar batteries. Thus, we offer a range of solar financing options, making your investment more manageable. This way, you can revel in the advantages of solar power without encountering the burden of a substantial upfront payment. CleanEnergyCouncil

In summation, what truly sets Polygon Energy apart and makes us the preferred choice for Canberra residents is our comprehensive approach to delivering premium solar solutions, expertly guiding you through government programs, and ensuring that your energy transition remains environmentally conscious and economically feasible.

With Polygon Energy, you not only harness the boundless potential of solar energy but also embark on a journey towards a greener, more sustainable, and economically savvy energy future. To know more Request a Quote