Feed-in-Tariffs

Feed-in-Tariffs were largely responsible for the huge uptake in solar power in recent times.

Although the prices paid for exported solar power have significantly dropped, a small tariff is still paid, with the reduction in rates being offset by a big drop in the cost of solar panels.

Owners of solar power systems who export power to the grid will receive a small payment from the energy network for supplying this power.

Payments or credits are only made for excess power that is exported to the grid. This is known as a net feed in tariff. Since the amount paid for the solar power is much lower than the price it would cost to purchase power from the grid, it is best to consume as much of the generated power as possible.