In 2009, Gainesville, Florida became the first city in the US to provide Feed in Tariff (FiT) contracts to support solar production by its residents. FiTs are a contract between solar producers and a utility company that guarantees payment over a number of years, typically 20. FiT’s are recognized as a critical way to finance community-scale solar because the dedicated payment stream can help residents secure financing. Prior to the FiT, Gainesville had a total capacity of 328 kWh of solar production. By 2010, one year after it was implemented, solar capacity jumped to 2,013 kWh. Residents receive 32 cents per kWh of extra solar power they generate that goes to the grid. The payment is locked in for 20 years and it is estimated that resident producers receive about 4% -5% return each year of what they invested into the solar project. The FiT is administered by the Gainesville Regional Utility, the fifth largest municipally-owned utility in the nation.
Submit a Project