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How are FIT/microFIT payments calculated?

April 26, 2017calculated fit microfit PAYMENTS

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How are FIT/microFIT payments calculated?

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The homeowner will be compensated for all electricity generated by their solar power system. The exact payments are calculated based on the contract amount (ex: 80.2 /kWh for rooftop microFIT) multiplied by the number of kilowatt hours (kWh) that is produced.