In Australia the New South Wales (NSW) feed-in tariff came to an end at the end of 2016 but may people took advantage of it to add solar power with energy storage to their home. The added solar pv panels and a Tesla Powerwall Home Battery system.
These lucky homeowers can now store excess solar power instead of sending it off to the grid for a measly 4-8c per kWh. They simply store it in their Tesla Powerwall for use at night time to reduce peak power costs.
There are several other advantages for the homeower such as zero electricity price increases for the next 20 to 30 years, and ease of connection to charge an electric vehicle.
There are many other companies offering excellant energy storage systems like the Tesla Powerwall System and many more preparing to offer them.
What are feed-in tariffs?
Feed-In Tariffs are payments to ordinary energy users for the renewable electricity they generate. Feed-In Tariffs (also known as FITs) are the electricity part of what some people call Clean Energy Cashback, a scheme that pays people for creating their own “green electricity”