Feed-in Tariff (FIT) – Definition & Detailed Explanation – Solar Energy Glossary Terms
I. What is a Feed-in Tariff (FIT)? A Feed-in Tariff (FIT) is a policy mechanism designed to promote the adoption of renewable energy sources, such as solar power, by providing financial incentives to producers of renewable energy. Under a FIT program, renewable energy producers are guaranteed a fixed price for the electricity they generate and … Read more