Friday, August 27, 2010

California Subsidies Boost First Solar

THE ACTIONS BY OUR legislators at the federal level have done little to spur renewable energy adoption, so we look to the states in order to drive the market. U.S. demand has largely been driven through renewable portfolio standards (RPS) where 29 states now have plans in place, while some have dabbled with their own forms of subsidy programs.

Some states use additional tax incentives while others have used pilot programs to test the adoption of feed-in-tariffs (FiT). California has been the clear leader in adopting solar energy into its portfolio of renewable-energy solutions and is now positioned for further penetration with the new subsidy program. The long-term hope is that the program is successful and that other states will adopt similar mechanisms, which could result in a massive expansion of solar installations in the U.S."

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