A Feed-in Tariff (FiT) is a payment you receive via your electricity retailer as a credit on your bill for excess electricity you feed back into the grid from your solar system.
When you send your excess solar energy back to the grid, you’ll receive a Feed-in Tariff (FiT) payment as a credit on your bill.
The FiT is a rate that is set per kilowatt hour (kWh) and the rates vary depending on your energy retailer. The FiT helps homeowners ensure any excess solar energy is not wasted.
Credits can mean a major reduction on your electricity bills.