NREL Study Finds Feed-in Tariffs Are Responsible for 75% of all Solar PV Deployments

Environmental Leader - Feed-in tariffs (FITs) are responsible for 75 percent of all solar photovoltaic (PV) and 45 percent of all wind development worldwide, according to a new report from the National Renewable Energy Laboratory (NREL), reports Wind-Works.com. The report provides a best practices design guideline for U.S. policymakers, showing the benefits and disadvantages of different FIT polices around the globe.

The report, “A Policymaker’s Guide to Feed-in Tariff Policy Design,” finds that FITs are the most widely used renewable energy (RE) policy in the world, accounting for a greater share of RE development than either tax incentives or renewable portfolio standard (RPS) policies. It has fueled significant growth of renewable energy in Europe over the past decade, reports Wind-Works.com.