U.S.: First national renewable energy jobs and security bill based on German FIT system introduced to congress

Share

According to Hans-Josef Fell, speaker for the German Green party on energy policy, under democratic Congressman Jay Inslee’s proposal, electrical utilities would be required to provide long-term incentive payments at uniform nationwide rates for renewable grid power. The contract time would be fixed at 20 years, as in Germany.

The bill also suggests that rates can be lowered for future installations as technology costs decline. The investment payback for each type of renewable generation would also be graduated “to provide a reasonable return, while preventing excess owner profits”. The cost of feed-in payments would then be redistributed to all utility customers and readjusted in a biannual review process. All renewable generating installations up to 20 megawatts would qualify for the incentive program.

The bill’s provisions are intended to place the U.S. “at the forefront of the global renewable energy revolution”. It nevertheless remains uncertain how many lawmakers will support Inslee’s plan, unless near-term benefits emerge throughout the country.

It is however believed that the passage of Inslee’s renewable energy bill could create a resilient safety net for the real estate market. Solar rooftops, regional wind farms, and rural biomass plants would revive local economies and enhance their collective contribution to national energy security.

Related news:

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.