News, Culture & Society

What Should You Know About the Solar Feed-in Tariff for Your Residential Property?

Utility companies have developed a new way to encourage their customers to get solar panels installed in their homes.

The trick is that the owner of the solar panel system will be paid to use the excess solar energy that they produce by selling it back to the utility company at a price higher than what they would have paid for electricity from the grid.

This concept is called a feed-in tariff. The best solar feed in tariff guarantees a fixed rate for the electricity the installations produce over a period. However, since renewable energy is intermittent, energy companies must agree to a price for electricity generated from the grid.

But how do you make sure you’re getting the best deal? Here are important things you should know to get the best solar feed-in tariffs.

Is Your Home Suitable for Solar Panels?

It’s no secret that installing solar panels on your roof is an environmentally friendly way to power your home. It can also save you money in the long run by reducing your electric bill. But before you go ahead and install them on your home and try getting the best solar feed-in tariff, you need to make sure your home is suitable for solar panels.

What to Consider?

Different types of roofs are better for panels. Solar installers must consider slope, slope angle, and any necessary drainage details when installing a solar roof. It would benefit if you also thought of any significant build changes, such as adding or changing flooring, gutting, or repairing walls.

The Importance of Considering Feed-In Tariff When Buying A Solar Panel System

When it’s about getting the best solar feed-in tariff, one should consider several things when assessing the viability of the solar panel system. The first is whether your area holds a feed-in tariff. It is an agreement by your energy utility to pay you for the power you generate and feedback into the grid. So, before you even look at solar panels to purchase, check if your area offers this option.

The Tariff Amount Differs

The tariff amount paid as a rate per unit of power generated differs for each electricity provider. Therefore, it would help if you compared the feed-in tariff rates offered by these companies. Comparing the feed-in tariffs can save on installation costs.

When to Hire A Licensed Contractor

If you don’t think your roof is too steep or you’re afraid your contractor will overlook some details when measuring, you can take a pre-qualified look at the roof by hiring a licensed contractor for a roof factor check. Once the check is complete, you can receive a free roof survey to see if your roof is suitable for solar panels.

What Questions Should You Ask When Choosing A Solar Installer?

A solar power systems installer is a company that designs, builds, and maintains your PV solar power generating system. Solar power is growing in popularity across all country regions, but the installation cost generally scares people away.

However, net metering and tax credits can reduce the cost from thousands of dollars to several hundred or even less. You’ll want these answers ready when you interview potential solar installers to get the best solar feed-in tariff.

Solar Feed-in Tariff: Who Qualifies?

You may be eligible for the Solar Feed-In tariff if you have a solar energy system that generates electricity from a fixed supply of sunlight. All you must do is make sure all your equipment and your power bill details are up-to-date. It’s as simple as that.

Final Thoughts

The solar feed-in tariff program helps reduce installation costs by issuing a feed-in tariff to all qualified applications. If you’re eligible for the program, you’ll receive a set amount per kilowatt-hour of electricity your system produces. The FIT rate remains fixed for 20 years.