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Feed-In Tariffs, or FITs, implemented in Germany and Spain have spurred record growth in their renewable energy industries, making them global leaders in solar energy. Now, there is a chance FITs could come to New York, bringing with them unprecedented benefits and opportunities.
A FIT establishes a premium rate at which renewable energy systems (small or large scale) sell their energy to the grid. Instead of net metering, system owners are paid for every kWh generated, not just those they don’t consume. Read the National Renewable Energy Solar paper to learn more about how FITs function.
Around the world, feed-in tariffs have been proven to be the fastest and most economical way of deploying renewable energy systems. The New York Solar Energy Society gives 16 reasons why FITs are advantageous and effective. Some of the most prominent are:
- A FIT will create tens of thousands of clean energy jobs in NYS
- Reliable, predictable credit flows from FITs promote private sector investment
- FITs promote investment in large scale AND small scale systems
Contact us today to begin your renewable energy journey.
Get an estimate for solar and claim your energy independence.
Get an estimate for solar and claim your energy independence.
About the Author
EmPower Solar develops, engineers, installs, and services solar and battery systems for residential and commercial clients. Since 2003, EmPower Solar has empowered thousands of New York homeowners and businesses with 47 megawatts of distributed solar. Its vision is to create a new energy paradigm powered by clean, renewable energy for a more prosperous, healthy, and civil world. The company culture is defined by the EmPowering Way, which results in consistent 5-star customer service reviews. For more information visit empower-solar.com.