Renewable Energy Dividends

SolarFAB supports the renewable energy dividends (RED) policy also known as a feed in tariff. This policy started in Europe with countries such as Germany making it a success and leading the world in solar energy. Recently, Gainesville, Fl enacted a feed in tariff policy being the first in the United States to have such a solar incentive model.

A Renewable Energy Dividend is a premium rate paid to producers who generate electricity to feed back into the grid; this could be homeowners, small business, and even large commercial projects.  The way the REDs model works requires the utility company to manage the program and they will award contracts for a limit of energy a purchaser can buy. To purchase the panels and have them installed the purchaser will borrow money from the bank at a reasonable interest rate. The purchaser then in turn will employ an installer to configure it to the roof, or parking lot, or where every. The installer will then employ a manufacturer to produce the panels; SolarFAB is the only manufacturer of solar panels in the state of Florida. Now the purchaser will no longer pay an electric bill and any additional energy produced that is not consumed is feed into the grid and the utility company will buy back at a premium rate.  The renewable energy dividend model is set up in such a way that everyone involved wins, the purchaser, the utility company, and the community.


To learn more on this policy and become a supporter please contact the Florida Alliance for Renewable Energy (FARE) http://www.floridaallianceforrenewableenergy.org/


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