Energy produced by your solar power system is converted to electricity and used in your house. Any electricity that isn’t used can be exported to the electricity grid. The solar feed-in tariff is the ‘buy-back rate’ that you receive from exporting this electricity back to the grid, in the form of a credit on your electricity bill.
When choosing a feed-in tariff, you’ll have the choice of a single-rate feed-in tariff or a time-varying feed-in tariff. A time-varying feed-in tariff offers different rates depending on the time of day the electricity is exported to the grid. It provides higher rates during times of peak energy usage (at night) and lower rates during the day.
When comparing energy plans, consider all charges because a higher solar feed-in tariff normally means higher usage and supply charges.
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