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How can America revive this vital sector, transforming it into an
engine of economic growth? The Washington Monthly has found a
promising answer in an unlikely place: Gainesville, Florida, which is
in the midst of a solar-power boom, thanks to a bold incentive known
as a feed-in tariff. Under this policy, the local power company is
required to buy renewable energy from all producers, no matter how
small, at above-market rates. This means anyone with a cluster of
solar cells on their roof can sell the power they produce at a profit.
While Gainesville is the first to take the leap, other U.S. cities and
at least eleven U.S. states are moving toward adopting the policy.
There is also a bill for a nationwide feed-in tariff before Congress.
The surge of interest stems from the dramatic results the policy has
delivered in other countries, most notably Germany, where it has given
rise to the world?s most vibrant green energy sector. In America,
however, an aging electrical grid and fractured utility market could
make feed-in tariffs problematic.
Please join us Friday, April 10, for a provocative discussion on the
potential benefits and pitfalls of this policy -- and what it could
mean for green growth in America.