Solar feed-in tariffs provide money back for any ‘extra’ electricity generated from a solar system that is connected to the grid and export to the national power grid, this is known as ‘buy back rate’.
If your solar system is connected to the grid you will be eligible to receive a feed in tariff, the money back will be visible as credit or discount 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.