Feed-in Tariff: A green initiative
Feed-in Tariff: A green initiative
If one generates energy and even consumes it, he or she will be paid for it.
If one produces it in great amount and exports it, additional bonuses will be given
If one produces energy and uses the energy, a reduction on the electricity bill will be given
The main idea behind this was promoting and encouraging people to use and create green energy. This will not only save their environments but would also help them to save their money too. It is being anticipated that in next few years millions of houses will be installed with different green energy sources which will drastically reduce pollution. Not only this, it will also help in improving the quality of air people breathe in.
FIT is not limited to the households. Various organizations like schools, offices, care homes etc are using it and enjoying its benefits. Thus, it has a wide scope no matter who uses it.