The city of Los Angeles just launched the nation’s largest rooftop solar feed-in tariff program, which will help many building owners to install solar power systems on their buildings and sell the electricity back to the grid.
The Feed-in Tariff (FiT) program was kicked off by switching on the first rooftop solar installation to feed into the LA grid, a PV system on the top of Oxnard Plaza Apartments in North Hollywood, which is expected to produce 142,000 kWh of solar power per year.
“Today, we took a major step forward in creating a clean energy future for Los Angeles by flipping the switch on the first installation to be completed through the LADWP Feed-in Tariff Program – the largest offered by any city in the nation. The FiT program takes advantage of LA’s abundant sunshine to spur new private sector investment that will create jobs and decrease our city’s reliance on dirty fossil fuels.” – Mayor Villaraigosa
The FiT Program, which was proposed and supported by the Los Angeles Business Council and the CLEAN LA Solar Coalition, is intended to generate 150 MW of solar energy each year by enabling the construction of systems designed to sell electricity to the grid with standard power purchase contracts. Previously, all solar installations were set up as net-metered solar projects, with owners receiving rebates for power produced above their own needs.
According to Los Angeles Department of Water and Power (LADWP), this program is expected to create 4500 jobs, power 43,000 households, and generate over $500 million in private investments in its first five years.
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