In the upcoming months, you will witness a rapid implementation of the renewables game-changer called the Feed-In Tariff. We have just been informed that the CPUC (CA Public Utilities Commission) is alarmed that the CSI program is rapidly running out of adequate funding to see its goals to fruition, and has hence ceased processing applications for Commercial and Non-Profit solar projects until it can come up with a solution.
Is a Feed-In Tariff the Right Solution?
Do we have to say it any clearer? The Feed-In Tariff is THE solution to the probable derailment of the CSI Rebate Program. A "feed-in tariff" (the currency rate at which electricity is fed into the power grid) has proven to be the most successful incentive for rapidly expanding the use of renewable energy technologies to levels of great success for both Citizenry as well as Governments.
Feed-in tariffs have been used as a "stimulus" to jump-start the renewable energy industry in many countries. They were widely adopted by countries in Europe, such as Germany, which has repeatedly led the world in solar energy systems deployment, all because of their feed-in tariffs.
Feed-in tariffs have proven to be much more successful than the Renewable Portfolio Standard that is still presently used in the U.S. Used in tandem with the RPS as a catalyst, the acceleration to the long term benefits of renewable energy and away from the generation of fossil fuels is quick and seamless.
What is a Feed-In Tariff?
More specifically, a feed-in tariff is the price per unit of electricity that a utility or supplier has to pay for renewable electricity from private generators, such as a homeowner who has installed a solar energy system on their rooftop.
Feed-in tariffs are also known as:
- Electricity Feed Laws
- Feed-in Tariffs (FiTs)
- Advanced Renewable Tariffs (ARTs)
- Renewable Tariffs
Crafting the Coachella Valley Feed-In Tariff
Since Renova provides peak-shaving, demand-side management, simple solar energy systems, solar co-generation, and project development services for our residential, commercial, industrial, and utility clients, we will be helping shape the local FiT policy, which is sure to become the road map to a feed-in tariff across the U.S.; and will unveil these rules to the public as they evolve.
We are now working closely with our state and municipal leaders, attorneys, and affiliated sources to prepare and promulgate Power Purchase Agreements (feed-in tariff agreements with the Utility), Energy Purchase Agreements, and Energy Service Agreements for our clients. The roll-out of our Coachella Valley Feed-In Tariff Map will come as a helpful tool to those interested in leasing their rooftops. Look forward to the feed-in tariff...and all that this implies.