LADWP's just-approved solar FIT program reportedly the nation's largest
Los Angeles Department of Water and Power (LADPW) approved a $530 million program that will pay residential and commercial customers for solar power they generate. The 100 megawatt feed-in tariff initiative is being called the largest of its kind in the U.S. - and may get even bigger.
If successful, the program could expand to 150 megawatts.
According to the Los Angeles Daily News, LADPW will pay approved customers 17 cents for every kilowatt hour sold back to the utility. The program is expected to be phased in incrementally over a four-year period.
While many hailed the FIT program as a major step forward for LA, the Daily News indicated at least one ratepayer advocate complained the program costs too much.
Two years ago, we raised the issue of FITs - why or why not - in our discussion forum, noting that while popular elsewhere, policymakers and stakeholders in the U.S. have been slow to embrace the concept.
Now a report on the solar energy storage market just released by analyst firm NanoMarkets suggests "feed-in tariffs are declining in key geographies, giving PV users an incentive to store the energy they produce."
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