Tag Archives: fit program

What is the Feed in Tariff Program?

The impact of climate change has resulted in many governments coming up with programs to counter the negative impact. To do this, there has been an effort to move towards using renewable energy sources. A Feed-In Tariff (FiT) is an incentive program to promote the implementation of renewable energy by way of government legislation. The regional or national utility or power companies are mandated to purchase electricity generated from renewable sources, such as wind power, solar power, hydropoweretc, at rates set by the government. The set government rates are higher than market rates to off-set the cost disadvantages of using renewable energy sources. The rates that are established will vary among governments.



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