24 Apr '11, 3am

Feed-In Tariffs for Apartment Solar Rooftops Light Up LA's Energy

feed-in tariff solar project in Gainsville, Florida met its goal for first-year participation within a week. Many are anxious to access the Federal tax credits available through 2016, providing up to $300 million to Los Angeles property owners to install solar power. A rate agreement offered by the Department of Water and Power is another incentive for investors. The savings in utilities also greatly benefits seniors. David Grunwald of Affordable Living for the Aging admitted he wasn't a believer a few years ago, fearing it was too expensive. But after saving up to $14,000 in utilities annually, he said, "I'm a poster child for sustainability. It's an ideal blending of social, economic and environmental goals." Mary Silverstein Director of the LA Housing Partnership's 7 Maple Senior Housing Development said, "This allows us to funnel those savings into our resident programs."

Full article: http://www.treehugger.com/files/2011/04/feed-in-tariffs-a...

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