Governor Schwarzenegger Signs Legislation for Small-Scale Incentive Law
By Emma Hughes on October 12, 2009
California Governor Arnold Schwarzenegger has signed a law-enforced legislation to create a feed-in tariff designed for small solar-panel generators in the state. This type of incentive falls in line with its European counterparts, reports MarketWatch.
The sun-rich state already has fairly high utility rates and solar subsidy plans, yet this move to include smaller generators will push California forward in becoming even more successful in the global solar market. The new proposal seeks to expand the market by requiring California utilities to buy power from solar-panel generators of 1.5-3.0MW, at set rates above what the utilities would pay for wholesale power from conventional sources.
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