What is a feed-in tariff and how does it work?

What is a feed-in tariff and how does it work?

The electricity generated by your solar panels is used to power your home first, and any excess electricity produced is sold back to the grid.

The feed-in tariff is the amount your electricity retailer pays you for sending excess energy back to the grid. Typically, this appears as credit on your electricity bill.

https://aef.com.au/for-home/solar-power/solar-feed-in-tariffs/

FiTs may only be paid for a solar system up to a maximum size. This size varies between your location and retailer so best to check and potentially compare retailers for the best deal.

Clean Energy Council (https://assets.cleanenergycouncil.org.au/documents/consumers/solar-guide-for-consumers.pdf)