Banking on Renewable Energy
In Germany, utility companies pay homeowners and businesses for power generated by alternative energies that is fed into the electricity grid. Should the U.S. take note?
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“Despite being barely one-20th the size of the U.S. and more often overcast, Germany still manages to produce four times as much solar-generated power. That’s because, according to green-tech analysts, Germany has a government-mandated program that requires utilities there to pay homeowners, warehouse operators and companies for power from their rooftop solar installations. Called a feed-in tariff, it’s an arrangement that clean-tech proponents are pushing California to replicate, hoping that such programs can boost alternative energy production in the state.”
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