Feed-in tariff

A feed-in tariff is a policy that pays renewable energy producers, like homeowners with solar panels, a guaranteed price for the electricity they generate and send back to the power grid. Think of it as a reverse utility bill where instead of paying for electricity, you get paid for producing it, which encourages people to invest in clean energy systems. These tariffs have been crucial in helping countries transition away from fossil fuels by making renewable energy economically attractive to individual consumers and businesses.