A feed-in tariff is an encouragement amount for the owners of the grid-tie solar energy system. It is payable at the fixed rate for each unit of electricity that goes back to the grid. However, the contract duration is somewhere 10 to 20 years. The price of the electric unit remains the same according to the agreement. Hence, you must opt for professionals to set up the contract and net-metering jobs.
How do feed-In tariffs work?
As mentioned earlier, it is a financial incentive to motivate people to invest in green and renewable electricity when your solar system generates enough to light the house and provide additional electricity to the grid.
At the settled billing cycle, the electricity retailer calculates and transfers the amount for the units. You will get paid for each unit sent back to the unit. However, the pricing (or tariff) may vary depending on the contract deal with the electricity retailer company. Thus, it is important to have good quality components in your solar system. Let us explain to you about benefits of feed-in tariffs.
Most popular countries are now adopting this solar incentive to provoke developers and investors to generate renewable energy and earn profit. The entire phenomenon is secure and stable. Therefore, the amount invested always remains sheltered.
Increasing the Property value:
Suppose you have a solar system in your house or office that sends back electricity to the relevant grid. Then, it means you will benefit in terms of the economy. Thus, everyone could twofold the value of their property by setting the net metering and grid-tie system.
Protecting the Nature:
By investing and switching your electricity needs to a solar system, you will protect nature from carbon emissions. Without any doubt, the environment in the surrounding will be more fresh and healthy for coming generations. With such wise decisions, you will contribute to saving the human race.
Who could help me?
Solar Air Energy has the finest energy specialist who evaluates and designs the solar system according to your needs and budget. So, you always save more amount from your electricity.